press center press release

OMX harmonizes index names

Published

Press Release, August 22, 2005 OMX harmonizes index names Effective October 3, 2005 OMX will harmonize the index name structure for OMX exchanges in Stockholm, Helsinki, Copenhagen, Tallinn, Riga and Vilnius. The change is part of OMXs strive to create an integrated and efficient Nordic Baltic marketplace. The new OMX index name structure covers the most important indexes - all-share, tradable, benchmark and sector indexes. The name structure is constructed around the OMX name, the specific stock exchange and the index of choice, among others: INDEX Copenhagen Stockholm Helsinki Riga Tallinn Vilnius All-share OMX Copenhagen (OMXC) OMX Stockholm (OMXS) OMX Helsinki (OMXH) OMX Riga (OMXR) OMX Tallinn (OMXT) OMX Vilnius (OMXV) Tradable OMX Copenhagen 20 (OMXC20) OMX Stockholm 30 (OMXS30) OMX Helsinki 25 (OMXH25) - Furthermore, the benchmark indexes in Copenhagen and Stockholm will be changed to OMXCB and OMXSB, respectively, in line with the name of the Helsinki benchmark index OMXHB. Sector, industry group and industry indexes will be harmonized accordingly. Attached is a chart with the complete OMX index standard. A harmonized index structure will facilitate the comparability of OMXs indexes and enhances the knowledge of the Nordic and Baltic markets, thereby encouraging a further increase in trading in the regions securities, says Jukka Ruuska, President of OMX Exchanges. It is our ambition that the harmonization of the index structure will satisfy the requirements of both local and international players, while simultaneously contributing to the competitiveness of the region as a whole. To date the index harmonization process has included rule harmonization, implementation of GICS classification standard, developed by MSCI and Standard & Poor's, a new benchmark and sector indexes in Helsinki and the introduction of a new index calculation system. The harmonization of the index names started last autumn, with the change of the tradable index names in Stockholm and Helsinki into OMX Stockholm 30 and OMX Helsinki 25. For more information, please contact: Anu Ilvonen, Head of Communications, OMX Exchanges +358 9 6166 7599 About OMX Exchanges | OMX is a leading partner for more efficient securities transactions. OMX consists of two divisions: OMX Technology and OMX Exchanges. Through the OMX Exchanges division, OMX owns and operates the equity and derivatives exchanges in Copenhagen, Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Estonia and Latvia. Through OMX Exchanges, OMX offers access to approximately 80 percent of the Nordic and Baltic Securities market. For more information please visit www.omxgroup.com. OMX index names as of October 3, 2005 Index Copenhagen Stockholm Helsinki Riga Tallinn Vilnius All-share Ticker OMXC OMXS OMXH OMXR OMXT OMXV Full name OMX Copenhagen OMX Stockholm OMX Helsinki OMX Riga OMX Tallinn OMX Vilnius Previous name KAX SAX HEX All-Share RIGSE TALSE VILSE Tradable Ticker OMXC20 OMXS30* OMXH25* - Full name OMX Copenhagen 20 OMX Stockholm 30* OMX Helsinki 25* - Previous name KFX OMX HEX25 - Benchmark Ticker OMXCB OMXSB OMXHB* - Full name OMX Copenhagen Benchmark OMX Stockholm Benchmark OMX Helsinki Benchmark* - Previous name KBX SBX No change - Sector (GICS) Ticker CX-[ GICS code] SX-[ GICS code]* HX-[ GICS code]* - Full name of Sector index E.g. OMX Copenhagen Energy E.g. OMX Stockholm Energy E.g. OMX Helsinki Energy - Previous name CSE10 No change No change N/A - * Already implemented Other indexes Effective October 3, 2005 the new name for HEX Portfolio index will be OMXHCap, full name OMX Helsinki Cap and the new name for KAX Capped will be OMXCCap, full name OMX Copenhagen Cap. The name of HEXTech index will not change. PDF

In This Story

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more