Fondos.Net - The Swedish Stock Exchange- An Overview
The Swedish Stock Exchange- An Overview
Sweden is thriving country in Northern Europe.
The borders of Sweden
include other Scandinavian countries, such as Norway
on the west and the coast of Finland
on the northeast. The southwest border of Sweden
includes the Skagerrak Strait and the Kattegat Strait.
To the east of the country of Sweden
lies the Baltic Sea. The population
of Sweden
is 9, 000, 00 and many people live in the urban areas of the country. Sweden is one of the richest countries
in Europe since it started developing
its natural resources.
The
Swedish Stock Exchange
The
Swedish Stock Exchange is located in Stockholm. A
stock exchange consists of a group of
stockbrokers. The exchange allows these stockbrokers to provide the
necessary
means to trade investment securities.
The Swedish Stock Exchange is the stock exchange for the
countries that
include Sweden, Norway, Finland,
Iceland, and Denmark.
These
five countries make up the Nordic Countries.
The
History of the Stockholm
Stock Exchange
In
1980, the OMX was founded by Olaf Stenhammar to stimulate stock trading
in Sweden.
The OMX
merged with the Stockholm
exchange in 1998, and tried to merge with the London Stock Exchange. It
acquired the Helsinki Stock Exchange in 2003. The Helskinki Stock
Exchange was
located in Finland.
Before the Swedish Stock Exchange traded electronically, the Stock
Exchange was
based in the Stockholm Stock Exchange Building. The Stockholm Stock
Exchange
building is located in the old part of Stockholm
in Sweden.
The
Swedish Stock Exchange has approximately 300 companies listed on it
with a
market capitalization of 2.5 Trillion Kronor. One US dollar is
equivalent to
7.8 Swedish Kronor. Sweden
is one of the richest countries in Europe.
The
website for the Swedish Stock Exchange is
http://www.omxgroup.com/stockholmsborsen.
In
order to buy stocks online for the Swedish Stock Exchange, you must
have access
to an online international brokerage account. This way you can monitor
the
results instead of waiting for your broker. It is your responsibility
to
monitor any stock you are interested in purchasing. Your Stockbroker
can guide
you in this but the ultimate decision to buy and sell stock on the
Swedish Stock
Exchange must come from you.
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