About the Nasdaq Nordic Exchanges

Governance, rules, policies and financial statements

About Us

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn or on X @Nasdaq.

Nasdaq Europe connects companies and investors worldwide and is the home of some of Europe’s largest companies together with the most active SME market on the continent, with over 1000 companies listed on our exchanges. We drive innovation across the ecosystem to enhance the liquidity, transparency and integrity of financial markets to provide the meeting place for ambitious ideas and capital and allow everyone a direct share in economic growth.

Milestones

1808

Copenhagen Securities Exchange (non-profit organization) starts trading.

1863

Stockholm Securities Exchange (Stockholms Fondbörs) founded.

1912

Helsinki Securities Exchange established.

1985

Iceland Stock Exchange ICEX established OM (Optionsmarknaden) starts derivatives trading in Stockholm.

1987

OM world's first publicly listed exchange SOM (Finland's Options Market) established.

1988

Danish options and futures trading starts in Copenhagen Exchange.

1989

ICEX launched its first trading system.

1990

First automated securities trading system SAX at Stockholm Stock Exchange. Helsinki securities moves to electronic trading. First equities listed in Iceland.

1991

World's first integrated derivatives trading and clearing system at Stockholm Stock Exchange. Trading starts in Icelandic equities.

1992

The Vilnius Stock Exchange was established and held its first session with 19 securities listed.

1993

Stockholm Stock Exchange becomes a limited liability company. Riga Stock Exchange founded.

1994

Stockholm Stock Exchange first exchange in Europe to accept remote members.

1995

Tallinn Stock Exchange founded. Helsinki Securities Exchange (HAP) becomes a limited company.

1996

Copenhagen Stock Exchange becomes a limited company. The Tallinn Stock Exchange was opened in May for trading with 11 securities listed.

1997

OM creates derivatives link network Merger of SOM (Finland's Options Market) and HAP -> HEX Ltd.

1998

Merger of OM and Stockholm Stock Exchange -> OM Group. The exchanges in Copenhagen and Stockholm entered into a strategic alliance named NOREX Alliance. The NOREX Alliance was unique by being the first stock exchange alliance to implement a joint system for equity trading and harmonize rules and requirements between the exchanges with respect to trading and membership. Vilnius Stock Exchange became a public limited company.

1999

HEX and Finnish Central Depository form HEX Group. Iceland Stock Exchange becomes a limited liability company.

2000

TSE and Estonian Central Depository join -> TSE Group Joint Baltic List announced. The Iceland Stock Exchange became a partner in the NOREX Alliance and moved its trading to the common trading psystem SAXESS later the same year.

2001

HEX acquires strategic ownership of TSE Group. Common member and trading rules instituted in Nordic region. Oslo Bors moved its share trading to the NOREX Alliance's common trading system SAXESS.

2002

Formation of EDX derivatives exchange - OM and London Stock Exchange. Riga Stock Exchange joins with Latvian Central Depository. HEX becomes major shareholder of RSE Group ICEX. ISD (Icelandic Securities Depository) establish a joint holding company.

2003

Merger of OM and HEX Group -> OMHEX. Faroese bonds listed on ICEX.

2004

Acquisition of Vilnius Stock Exchange. Finnish and Swedish Central Securities Depositories (APK and VPC) merge to form NCSD, which later becomes a part of Euroclear Group. OMHEX brand name changed to OMX. Implementation of joint trading platform on all Nordic exchanges. ICEX opens an ETF market.

2005

Merger of OMX and Copenhagen Stock Exchange. Alternative market First North is started in Denmark. Foreign equities listed for the first time on ICEX.

2006

Launch of OMX Nordic Exchange brand (Stockholm, Helsinki and Copenhagen). Introduction of common presentation of Nordic listed companies and harmonized Nordic listing requirements. Trading starts on the alternative market iSEC on Iceland Stock Exchange. Merger of OMX and Iceland Stock Exchange (incl. Icelandic Central Depository).

2007

First North launched in Sweden and Finland. Iceland iSEC becomes First North. OMX acquires Armenian Stock Exchange. NASDAQ aqcuires OMX and the NASDAQ OMX Group is born.

2008

NASDAQ OMX acquires parts of Nord Pool which becomes NASDAQ OMX Commodities.

2009

NASDAQ OMX Stockholm opens for trading in the most turnovered Norwegian shares.

2010

NASDAQ OMX launches common INET trading platform across its seven Nordic and Baltic equity markets.

Legal Structure

Download the organizational chart that presents the main features of Nasdaq, Inc’s legal structure in the Nordic and Baltic area, also including the relevant subsidiaries relating to aforementioned structure. The entities having a license for regulated activities are presented here.

Governance within the Nordic Exchanges

Nasdaq Copenhagen, Board of Directors

Johan Mattsson (Chairperson), Gunilla Hellqvist, Anna Theorin, Ida Nordenström, Birger Schmidt (non-executive member), Magnus Hardarson (deputy director)

President: Nikolaj Kosakewitsch

Nasdaq Stockholm, Board of Directors

Fredrik Ekström (Chairperson), Frida Tidqvist, Gunilla Hellqvist, Ingrid Tersander Albinsson (non-executive member), Viveka Hirdman-Ryrberg (non-executive member), Johan Mattsson, Nikolaj Kosakewitsch (deputy director)

President: Adam Kostyál

Nasdaq Helsinki, Board of Directors

Johan Mattsson (Chairperson), Fredrik Ekström, Andreas Propst, Anna Theorin, Merja Karhapää (non-executive member)

President: Henrik Husman

Nasdaq Iceland, Board of Directors

Johan Mattsson (Chairperson), Fredrik Ekström, Magnus Haglind, Katrin Jóhannesdóttir (non-executive member), Anna Theorin, Henrik Husman (deputy director)

President: Magnus Hardarson

Nasdaq Oslo, Board of Directors

Johan Mattsson (Chairperson), Niklas Ramstedt, Andreas Propst, Anna Theorin, Ida Nordenström

President: Georg Haakon Aasen

Resource Center

Annual Reports

Annual Report 2025 - Nasdaq Stockholm AB

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Annual Report 2024 - Nasdaq Stockholm AB

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Annual Report 2023 - Nasdaq Stockholm AB

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Conflicts of Interest

Conflicts of Interest Policy for the Board of Directors of Nasdaq Nordic Exchanges 2025

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Regulatory Information

Redegørelse om inspektion i Nasdaq Copenhagen A/S

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Remuneration

Remuneration Policy 2026 - Nasdaq Stockholm AB

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Disclosure of Information about Remuneration 2025 - Nasdaq Stockholm AB

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Sustainability

Hållbarhetsrapport 2025 - Sverige

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Trading On Our Markets

European Rules & Regulations

The rules and regulations serve an important purpose to sustain confidence in the financial market, enable a common framework for listed companies and protect minority stakeholders such as retail investors.

Explore European Rules & Regulations

European Market Surveillance

The surveillance function within Nasdaq Nordic is designed to help you maintain confidence in the exchange.

Explore European Market Surveillance