/norwegian-flag-528701300-5adfbb34ba617700374143d0.jpg "Oslo Stock Exchange (OSL) Definition 1")
What Is the Oslo Inventory Change (OSL)?
The time period Oslo Inventory Change (OSL) refers to Norway’s premier inventory change. Situated within the capital metropolis of Oslo, the change is the area’s main regulated marketplace for securities buying and selling, together with equities, bonds, and exchange-traded merchandise (ETPs). The change’s market capitalization as of Might 13, 2022, was roughly $295.55 billion. Based in 1819, the change was acquired by Euronext in 2019. The change is a part of the NOREX alliance, making it engaging to international funding.
Key Takeaways
- The Oslo Inventory Change is the key inventory market in Norway and the nation’s solely regulated securities change.
- The change was established in 1819 and is often known as Oslo Børs.
- The OSL was privatized in 2001 however was acquired by Euronext in 2019.
- Though nearly all of corporations are Norwegian, itemizing by international corporations is inspired by the change.
- Buying and selling is totally digital on the Oslo Inventory Change.
Understanding the Oslo Inventory Change (OSL)
The Oslo Inventory Change is the key inventory market in Norway. It’s generally known as Oslo Børs and is Norway’s solely regulated securities change. As famous above, the OSL is the nation’s premier change and is situated within the capital metropolis of Oslo.
Quite a few completely different monetary merchandise are traded on the change, together with equities, bonds, exchange-traded funds (ETFs) and different ETPs, derivatives, and sure funds. As of Might 12, 2022, 348 corporations listed fairness shares on the change. These corporations symbolize quite a lot of completely different sectors, notably vitality, seafood, and delivery. Whereas a majority of the securities listed on the OSL are Norwegian public restricted corporations, international corporations additionally take part within the change.
Traders have the chance to put money into the Oslo OBX Index by the Oslo Inventory Change. It’s made up of the 25 most liquid securities on the change. The OBX Index is revised twice annually, primarily based available on the market knowledge on the primary Monday after the third Friday every June and December.
The Oslo Inventory Change is totally digital. The automated buying and selling system was established in 1999. Buying and selling takes place Monday to Friday between 9:00 a.m. and 4:20 p.m. native time. There are seven nationwide holidays throughout which the change is closed together with one partial buying and selling day annually.
Buying and selling on the Oslo Inventory Change takes place in Norwegian Krones.
Historical past of the Oslo Inventory Change (OSL)
The OSL was established in 1819 because the Christiana Børs. It was designed to provide retailers a spot the place they might meet and commerce information and business items, akin to lumber. It wasn’t till 1881 that it grew to become an official inventory change and started to checklist and commerce securities. The change modified its title to Oslo Børs within the early 1900s.
As brokerage companies elevated in recognition in Norway within the late Nineteen Nineties, merchants misplaced the necessity to meet in particular person to facilitate their transactions. In consequence, the OSL went non-public, turning into a restricted legal responsibility firm (LLC) in 2001. The Oslo Børs VPS Holding ASA, which was established because of the merger of the Oslo Børs and VPS Holding, formally assumed possession of the change in 2007.
As a part of an effort for Nordic exchanges to draw extra worldwide funding, the Oslo Inventory Change joined the NOREX alliance in 2000. NOREX additionally consists of the inventory exchanges of Stockholm, Copenhagen, and Iceland, and offers a standard buying and selling platform and streamlined laws for members.
The Nasdaq and Euronext put in competing affords to imagine management of the Oslo Inventory Change in a bid to broaden their world footprint. Though the change’s main shareholders supported the bid by Nasdaq, the provide was withdrawn in Might 2019 after the nation’s finance ministry accepted a competing bid by Euronext. The acquisition was accomplished in June 2019.
Corporations should meet sure necessities and should disclose knowledge relating to possession and historical past, shares, and market worth with a purpose to checklist on the Oslo Inventory Change.
Related Markets
The Oslo Børs VPS Holding ASA facilitated buying and selling on 4 different marketplaces along with the change. These markets are known as the Oslo Axess, Merkur Market, Nordic ABM, and Oslo Join.
Oslo Axess was established in 2007 as a regulated, licensed market underneath the Oslo Change, meant to advertise the expansion of small corporations that don’t but meet the necessities for itemizing on the Oslo Inventory Change.
Merkur Market was launched in 2016 as a multilateral buying and selling facility (MTF) for small and medium enterprises, which offers the chance for privately-held restricted corporations and equal international counterparts to be traded in Oslo. Boasting one of many quickest admission processes in Europe, Merkur Market signifies {that a} certified applicant will be buying and selling of their market in as little as two weeks.
In 2005, the OSL established Nordic ABM instead bond market. Whereas Nordic ABM shouldn’t be a regulated market or multilateral buying and selling facility, Oslo Inventory Change units the principles, charges, and registration course of for bonds that request to be registered on the Nordic ABM.
Oslo Join is an over-the-counter (OTC) derivatives market that’s regulated as a multilateral buying and selling facility. Individuals in Oslo Join should signal an settlement with Oslo Børs and a cooperating clearinghouse.
What Is the Oslo Inventory Change Referred to as?
The Oslo Inventory Change will be known as the Oslo Inventory Change, Euronext Oslo, or Oslo Børs.
Is Oslo Inventory Change an EU Regulated Market?
Sure, for the reason that Oslo Inventory Change is owned by Euronext and operates within the EU market, the change is EU regulated. Nonetheless, in contrast to Euronext’s different exchanges, the Oslo change shouldn’t be a small or mid-sized firm (SME) Progress Market. SMEs are designed to provide benefits to corporations that in any other case don’t meet the standards for admission into Euronext’s regulated markets.
How Many Corporations Are on the Oslo Inventory Change?
As of Might 12, 2022, there are 348 corporations listed on the change. There are three Norwegian corporations listed on exchanges in the US, that are listed under.
How Do I Purchase Norwegian Shares?
The easiest way to purchase Norwegian shares is that if you’ll be able to commerce on the Oslo Inventory Change. These shares would be the most liquid and your orders will fill the quickest. Nonetheless, you may nonetheless commerce Norwegian shares on markets in the US by buying one thing known as an American Depositary Receipt (ADR). An ADR is a certificates that you just buy on a U.S. change that represents a specified variety of shares of a international firm’s inventory. As of Might 12, 2022, there are solely three Norwegian corporations with ADRs listed on U.S. exchanges: Equinor (EQNR), Idex Biometrics (IDBA), and Opera (OPRA).
What Is Euronext Oslo?
Euronext Oslo is one other title for the Oslo Inventory Change. Euronext and NASDAQ entered into bidding for the Oslo Inventory Change however Euronext was in a position to safe it in 2019. Euronext is headquartered in Amsterdam and is Europe’s largest inventory change group.
The Backside Line
Though Norway shouldn’t be an EU member nation, the corporate that owns the Oslo Inventory Change, Euronext, is headquartered in Amsterdam. The Oslo Inventory Change is a regulated EU market and is Norway’s solely regulated change comprising round 340 corporations and quite a lot of different monetary devices.