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    Definition of OMX

    Dictionary of Finance and Investment Terms: OMX
    OMX

    owns and operates the largest integrated securities market in Northern Europe and is a leading provider of marketplace services and solutions to financial and energy markets around the world. The OMX Exchanges division comprises the integrated Nordic and Baltic marketplace, offering customers access to about 80% of the Nordic and Baltic securities markets. The division includes the stock exchanges in Copenhagen, Stockholm, Helsinki, Tallinn, Riga, and Vilnius. Through the OMX Technology division, OMX provides transaction technology, processing, and outsourcing services. OMX was established in Stockholm in 1984 and merged with the Stockholm Stock Exchange in 998. In 2003, it merged with HEX, the owner of the exchanges in Finland, Estonia, and Latvia. In 2004, OMX became the strategic owner of the Vilnius Stock Exchange. And in 2005, OMX merged with the Copenhagen Stock Exchange. Trading in the Nordic markets (CSE, Stockholm, Helsinki) takes place between 9 P.M. and 5:30 P.M. CET except for CSE, where trading ends at 5 P.M. CET. Trading in the Baltic markets (Tallinn, Riga, and Vilnius) takes place between 9 A.M. and 1 P.M. CET.www.omxgroup.com.

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