Definition of OMX
OMX is a company that owns and operates several stock exchanges situated in Scandinavia, the Baltic States, and Armenia. The company is also well-reputed for marketing advanced electronic trading systems for derivatives products, which are leveraged by various exchanges globally. Over the years, OMX expanded its footprint by acquiring the Stockholm Stock Exchange in 1998, the Helsinki Exchange in 2003, and the Copenhagen Exchange in 2005. In 2008, NASDAQ acquired OMX, and it became a wholly owned subsidiary of NASDAQ, subsequently operating under the name NASDAQ OMX Group.
Examples
-
NASDAQ OMX Stockholm: After acquiring the Stockholm Stock Exchange, NASDAQ OMX Stockholm became the principal securities exchange for Swedish companies, trading equities, derivatives, and fixed-income products.
-
NASDAQ OMX Helsinki: This exchange was previously known as the Helsinki Stock Exchange and serves as Finland’s main marketplace for trading in shares, bonds, and derivatives.
-
NASDAQ OMX Copenhagen: Following its acquisition, the Copenhagen Exchange became part of the NASDAQ OMX group and facilitates trading in equities, derivatives, and other financial instruments for Danish companies.
-
NASDAQ OMX Baltic: This is a common brand for the stock exchanges NASDAQ OMX Tallinn, NASDAQ OMX Riga, and NASDAQ OMX Vilnius, integrating trade in Estonia, Latvia, and Lithuania.
Frequently Asked Questions
What types of markets does OMX operate?
OMX operates stock exchanges and offers electronic trading systems for derivatives products. These markets include equities, bonds, derivatives, and other financial instruments.
How did OMX expand its operations?
OMX expanded its operations through strategic acquisitions. It acquired the Stockholm Stock Exchange in 1998, the Helsinki Exchange in 2003, and the Copenhagen Exchange in 2005, before merging with NASDAQ in 2008.
What role does OMX play in electronic trading systems?
OMX markets advanced electronic trading systems for derivatives products utilized by many exchanges worldwide. These systems are known for their efficiency, reliability, and technological advancements.
Is NASDAQ OMX the same as OMX?
Post-2008, OMX became a wholly owned subsidiary of NASDAQ and operates under the name NASDAQ OMX Group. Hence, the companies function together integrating their operations and technologies.
Related Terms
-
NASDAQ: A global electronic marketplace for buying and selling securities as well as the ownership and operation of stock exchanges.
-
Stock Exchange: A marketplace in which securities, commodities, derivatives, and other financial instruments are traded.
-
Derivatives Products: Financial securities whose value is derived from an underlying asset or a group of assets.
-
Electronic Trading System: A computerized system that facilitates the trading of financial products via electronic means.
Online References
Suggested Books for Further Studies
- “The NASDAQ OMX Guide to World Financial Markets” by Glen Arnold
- “Electronic and Algorithmic Trading Technology: The Complete Guide” by Kendall Kim
- “Stock Exchanges Around the World” by Alisher Nomanis
- “Advanced Equity Derivatives: Volatility and Correlation” by Sebastien Bossu and Philippe Henrotte
Accounting Basics: “OMX” Fundamentals Quiz
Thank you for embarking on this journey through our comprehensive accounting lexicon and tackling our challenging sample exam quiz questions. Keep striving for excellence in your financial knowledge!
