Oslo is the capital of Norway and the Oslo Stock Exchange is the main Stock exchange in Norway. Oslo Stock Exchange was founded ay back in the year 1819.Oslo Stock Exchange was known as Christiania Bors then. Very naturally there neither any coordinated listings of the companies nor any stock exchange. In 1881,the trading of various stocks and bonds started in Oslo Stock Exchange. The Oslo Stock Exchange now opens at 9:00 am and closes at 4:30pm.
It the year 1988, an important step was taken to develop the Oslo Stock Exchange. The Oslo Stock Exchange launched electronic trading support system which substituted the old auction system with uninterrupted dealing of the shares that are listed throughout the day. It the year 1999, the trading system was turned fully electronic and the floor used for trading was closed.
There are various indexes in the Oslo Stock Exchange. Some of them are:
OSEBX
OBX
OSEAX
OSEFX
OSESX
The OBX index is one of the indexes on the Oslo Stock Exchange main index. The OBX index has nearly 25 most liquid companies in the Oslo Stock Exchange. Companies that are listed in Oslo Stock Exchange have their own common OBX index. The stocks that are there in the OBX list can be dealt with options and futures. The OBX enlisted companies are revolved twice in a year,on the third Friday of December and June.
The Oslo Stock Exchange has stayed on as a autonomous foundation until 2001. It was then changed into a joint stock company which enabled Oslo Stock Exchange to offer shares to the public in an initial public offer or IPO. Nearly 18 percent of the company is owned by DnB NOR and the rest of the shares are mainly owned by domestic and international investors. The larger market and pan-Scandinavian stock exchange group OMX over took nearly 10 percent of the strategic stake in October 2006.