Iceland Stock Exchange – ICEX

Dictionary Says

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 Says

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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. ISK

    The currency ...
  2. Stockholm Stock Exchange (STO) .ST

    The main ...
  3. Copenhagen Stock Exchange - CSE

    The Copenhagen ...
  4. Oslo Stock Exchange (OSL) .OL

    The major ...
  5. Exchange

    A marketplace in ...
  6. Nordic Tiger

    A colloquial ...
  7. Hong Kong Stock Exchange (HKG) .HK

    One of the ...
  8. China Investment Corporation - CIC

    A ...
  9. China ETF

    Exchange-traded ...
  10. SAMA Foreign Holdings (Saudi Arabia)

    A Saudi Arabian ...

Articles Of Interest

  1. 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.
  2. 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. The Global Electronic Stock Market

    The way trading is conducted is changing rapidly as exchanges turn toward automation.
  4. The Birth Of Stock Exchanges

    Learn how British coffeehouses helped give rise to the juggernaut that is the NYSE.
  5. 3 Ways You Can Evaluate Country Risk

    Diversifying your portfolio includes looking beyond your borders. Here are a few ways to analyze risk when investing abroad.
  6. Getting Started In Foreign Exchange Futures

    Learn how these futures are used for hedging and speculating, and how they are different from traditional futures.
  7. Find Equity Opportunities With Currency Moves

    Understanding the relationship between these markets can help you spot profitable stocks.
  8. Go International With Foreign Index Funds

    As global trade continues to expand and the world's economies grow, spice up your portfolio with these exciting opportunities.
  9. Shifting Focus To Sector Allocation

    Investing in sectors may trump international investments for providing diversification.
  10. An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center