Iceland Stock Exchange – ICEX

AAA

DEFINITION of 'Iceland Stock Exchange – ICEX'

A stock exchange located in Reykjavik, Iceland. The Iceland Stock Exchange was established in 1985, as a joint venture between some of Iceland's brokerage firms and banks, initiated by Iceland's Central Bank.

In 1986, trading began in Icelandic T-bonds; in 1990, housing bonds, mortgage-backed securities with a State guaranty, were added. Also in 1990, the exchange's first equities were listed and by 1992, the exchange started gathering momentum, with an average of six new listing per year.

INVESTOPEDIA EXPLAINS 'Iceland Stock Exchange – ICEX'

Its official name is Nasdaq OMX Iceland. In 1998, a new law required the Iceland Stock Exchange to alter its legal status from a self-owned institution, to a limited company with shareholders.

In 2002, a new holding company, Eignarhaldsfelagið Verðbrefaþing hf., was established to operate both the ICEX and the Icelandic Securities Depository (ISD). This holding company is owned by financial institutions, listed companies, pension funds, the Central Bank, the Investor Association and the Treasury.

The Iceland Stock Exchange joined the NOREX Alliance in June, 2000. The NOREX Alliance was established in 1998, to create a cooperative Nordic securities market using a joint trading system and common trading rules.

RELATED TERMS
  1. Nordic Tiger

    A colloquial term for the Scandinavian nation of Iceland. Prior ...
  2. Stockholm Stock Exchange (STO) ...

    The main securities market in Sweden, the Stockholm Stock Exchange ...
  3. Oslo Stock Exchange (OSL) .OL

    The major securities trading market in Norway, the Oslo Stock ...
  4. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  5. ISK

    The currency abbreviation or the currency symbol for the Iceland ...
  6. Copenhagen Stock Exchange - CSE

    The Copenhagen Stock Exchange serves as Denmark's official market ...
Related Articles
  1. Personal Finance

    The Birth Of Stock Exchanges

    Learn how British coffeehouses helped give rise to the juggernaut that is the NYSE.
  2. Options & Futures

    Getting To Know The Stock Exchanges

    Here are the answers to all the questions you have about stock exchanges but are too afraid to ask!
  3. Options & Futures

    Iceland's Near Collapse: What Can We Learn?

    This thriving country was brought to its knees by the rapid growth - and subsequent decline - of its banking industry.
  4. Trading Systems & Software

    The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  5. Investing

    Can Europe’s QE Be A Stimulus For U.S. Investors?

    Finding value in today’s markets has been difficult, so many investors are turning to opportunities outside of the U.S. But where should they look?
  6. Investing

    Welcome Back, Volatility

    Volatility is likely to resurface as the Federal Reserve gets closer to adjusting its monetary policy stance, even if that adjustment is a measured affair.
  7. Investing

    How To Invest Outside Your Comfort Zone?

    Sometimes, when it comes to investing, we have to step outside of our comfort zone and use investment tools to express a market view or specific outcome.
  8. Chart Advisor

    Is Now the Time to Invest in North America?

    Bullish chart patterns across the North American markets suggest that now might actually be a wise time to allocate closer to home.
  9. Investing

    How To Trade Foreign Stocks

    We weigh the major ways to trade foreign stocks for investors.
  10. Economics

    Vietnam -- New Asian Hot Spot For Tech Investment

    Vietnam now has a rapidly expanding tech sector that's attracting investors from around the globe due to low business costs and highly skilled workers.

You May Also Like

Hot Definitions
  1. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  2. Asset Class

    A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same ...
  3. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  4. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  5. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  6. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
Trading Center