View source for Nasdaq Helsinki

{{Short description|Finnish stock exchange}}
{{refimprove|date=October 2011}}
{{Infobox exchange
|name       = Nasdaq Helsinki
|nativename = Helsingin pörssi, Helsingforsbörsen
|logo       = 
|image      = Helsingin pörssin rakennus.jpg
|type       = [[Stock exchange]]
|city       = [[Helsinki]]
|country    = Finland
|coor       =
|founded    = {{start date and age | October 7, 1912}}
|owner      = [[Nasdaq, Inc.]]
|key_people = 
|listings   = 134 Main Market and 50 Nasdaq First North companies (as of April 2024)
|mcap       = 
|volume     = 
|currency   = [[Euro]]
|indexes    = [[OMX Helsinki 25]]
|homepage   = {{website |http://www.nasdaqomxnordic.com }}
}}
'''Nasdaq Helsinki''', formerly known as the '''Helsinki Stock Exchange''' ({{langx|fi|Helsingin Pörssi}}, {{langx|sv|Helsingforsbörsen}}), is a [[stock exchange]] located in [[Helsinki]], Finland. Since 3 September 2003, it has been part of [[Nasdaq Nordic]] (previously called ''OMX''). After the OMX merger, it was referred to as ''OMX Helsinki'' (OMXH), then after [[Nasdaq, Inc.|NASDAQ]]'s acquisition of OMX in February 2008, ''NASDAQ OMX Helsinki'', and currently '''Nasdaq Helsinki'''.<ref>{{cite news
 |url          = http://www.thetradenews.com/news/Regions/Americas/Nasdaq_drops_OMX_name_from_branding.aspx
 |last         = Bakie
 |first        = John
 |date         = 30 October 2014
 |title        = Nasdaq drops OMX name from branding
 |newspaper    = The Trade
 |location     = London
 |access-date  = 12 June 2015
 |archive-url  = https://web.archive.org/web/20160920021551/http://www.thetradenews.com/news/Regions/Americas/Nasdaq_drops_OMX_name_from_branding.aspx
 |archive-date = 20 September 2016
 |url-status   = dead
}}</ref><ref name=":0">{{Cite web |title=Helsingin pörssin historiaa: kuplia, manioita ja unohduksen kausia |url=https://www.inderes.fi/articles/helsingin-porssin-historiaa-kuplia-manioita-ja-unohduksen-kausia |access-date=2025-08-30 |website=Inderes |language=fi}}</ref>

== History ==
[[File:AB Börs 1916.jpg|thumb|Share of AB Börs, issued 29 february 1916 with illustration of the stock exchange building designed by architect [[Lars Sonck]].]]
Chairman of the Helsinki Reconstruction Committee [[Johan Albrecht Ehrenström]] and architect [[Carl Ludvig Engel]] planned a stock exchange building for Helsinki in the 1810s. Ehrenström envisioned its location at the site where the [[Embassy of Sweden, Helsinki|Embassy of Sweden in Helsinki]] now stands, on the edge of the [[Market Square, Helsinki|Market Square]]. Engel prepared drawings for an imposing city palace in the [[Neoclassicism|neoclassical style]], drawing inspiration from the [[Old Saint Petersburg Stock Exchange and Rostral Columns|Saint Petersburg Stock Exchange]]. The aim was to place the stock exchange at the center of the bustle of the Market Square. The project was eventually abandoned.<ref name=":1">Suvikumpu, Liisa: ''Helsingin herrat : sata vuotta Pörssiklubilla - Helsingin pörssiklubi 1910''. Helsingin pörssiklubi, 2012.</ref>

The Stock Exchange Association (''Pörssiyhdistys'') was founded in 1862. The association held regular meetings at the [[House of Nobility (Finland)|House of Nobility in Helsinki]]. Stock exchange activity remained modest, as only a few companies were listed. The association’s work also stayed limited because economic conditions deteriorated, the value of money was unstable, and the years of famine struck Finland.<ref name=":1" />

Architect [[Karl August Wrede]] designed a stock exchange building in Helsinki in 1882 in the [[Baroque Revival architecture|Neo-Baroque style]]. This demonstrated that Finland had long-standing aspirations to establish stock exchange activity.<ref name=":1" />

At the turn of the 19th and 20th centuries, Helsinki’s population grew rapidly. Finland industrialised, and economic growth was brisk. The [[Belle Époque|belle époque era]] created a favorable moment to initiate stock exchange activities.<ref name=":1" /><ref>{{Cite book |last=Jussila |first=Osmo |title=Suomen suuriruhtinaskunta 1809-1917 |publisher=WSOY |year=2004 |language=fi |trans-title=The Grand Duchy of Finland 1809-1917}}</ref>

The Helsinki Stock Exchange was founded during the era of the [[Grand Duchy of Finland]] in 1912, and in its early years, trading took place in the Stock Exchange building located on Fabianinkatu, where operations continued until 1989. [[Helsinki Bourse Club]] was founded at the same time. The stock exchange received its establishment permit from the [[Senate of Finland|Imperial Senate of Finland]] and from Emperor [[Nicholas II]].<ref name=":0" /><ref>{{Cite web |title=Autonomian ajan viranomaiset |url=https://portti.kansallisarkisto.fi/fi/aineisto-oppaat/autonomian-ajan-viranomaiset |archive-url=http://web.archive.org/web/20250315025333/https://portti.kansallisarkisto.fi/fi/aineisto-oppaat/autonomian-ajan-viranomaiset |archive-date=2025-03-15 |access-date=2025-08-20 |website=Arkistojen Portti |language=fi}}</ref> 

The Helsinki Stock Exchange saw its first transaction on October 7, 1912.<ref>{{Cite web |title=Helsinki Stock Exchange 100 years |url=https://www.rahamuseo.fi/en/exhibitions/previous-exhibitions/Helsinki-Stock-Exchange-100-years/ |url-status=dead |archive-url=https://web.archive.org/web/20240605072212/https://www.rahamuseo.fi/en/exhibitions/previous-exhibitions/Helsinki-Stock-Exchange-100-years/ |archive-date=2024-06-05 |access-date=2024-06-05 |website=www.rahamuseo.fi |language=en}}</ref> From then it remained a "free form" financial association until in 1984 it was converted into a [[cooperative]] owned mostly by [[bank]]s, [[stock trader|trader]]s, other [[companies]] and [[Voluntary association|associations]].

The exchange went through a colorful history, including significant growth during [[World War I]], when the number of companies nearly multiplied tenfold due to [[Russian Empire]]'s wartime demand. The exchange's performance and returns have been volatile, experiencing bubbles, downturns, impacts of wars, Finnish independence, the civil war, economic crises, and technological development.<ref name=":0" />

During the 1950s and 1960s, the Helsinki Stock Exchange remained largely dormant and was largely forgotten by savers. However, in the 1970s the exchange experienced a significant revival and regained the interest of investors. Between 1968 and 1973, the market value of the exchange tripled, driven by a strong economic upturn and increased investor participation. This growth was subsequently reversed during the mid-1970s due to the international oil crisis and rising inflation, which caused the exchange to lose two-thirds of its value. Toward the end of the 1970s, the Helsinki Stock Exchange aligned with a global market upswing, which continued into the affluent 1980s before culminating in a recession toward the end of that decade. This period marked a renewed phase of activity and expansion for the stock exchange after years of relative inactivity.<ref name=":0" />[[File:Nasdaq.jpg|thumb|Main entrance at Fabianinkatu. ]]In the 1990s, the Helsinki Stock Exchange recovered quickly from the recession, partly due to Nokia's success. In 2003, the exchange merged with the Swedish OMX, and a year later Nasdaq bought OMX, making the Helsinki Stock Exchange part of the international Nasdaq group. Today, trading is fully electronic, although the exchange's offices are still located in the old Stock Exchange building on Fabianinkatu.<ref name=":0" />
On April 1, 1990, trading was moved to a new digital system: [[HETI]] (Helsinki Stock Exchange Automated Trading and Information System, and in Finnish a rough [[backronym]] for "immediately"), which replaced the electro-mechanical trading system originally introduced back in 1935. HETI enabled remote traders to conduct transactions on equal terms with those in the [[trading room]].
The cooperative changed to a [[limited liability company]] (''Helsingin Arvopaperipörssi'') in the fall of 1995 and merged with several [[Clearing (finance)|clearing]] and [[stock deposit]] companies and associations at the beginning of 1997. During 1997 and 1998 the Stock Exchange bought both of the Finnish [[derivative exchange]]s and merged them with itself to become ''HEX''. In November 1998 HEX merged with [[Arvopaperikeskus]] to form Helsinki Exchanges Group Plc, which then changed its name to HEX Plc in the spring of 2001. In 2001 and 2002 HEX acquired a majority share of the [[Tallinn Stock Exchange]] and the [[Riga Stock Exchange]].

On 3 September 2003, HEX Plc merged with OM AB, owner of the [[Stockholm Stock Exchange]], to become OM HEX. A year later, the company was renamed to OMX.

[[OMX Helsinki 25]] (OMXH25) is the leading share index on Nasdaq Helsinki. It is a [[market value]] weighted index that consists of the 25 most-traded on Nasdaq Helsinki. OMXH25 was earlier known by its old name, '''HEX25'''.<ref>{{Cite web |title=Overview for OMXH25 |url=https://indexes.nasdaqomx.com/Index/Overview/OMXH25 |access-date=2024-06-05 |website=indexes.nasdaqomx.com}}</ref>

==Hours==
Normal trading sessions are from 10:00{{nbsp}}am to 6:30{{nbsp}}pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.<ref>[[Wikinvest:List of Stock Exchanges|Market Hours, OMX Nordic Exchange - Helsinki via Wikinvest]]</ref>

==See also==
;Stock market lists
*[[Nasdaq Copenhagen]]
*[[Nasdaq Stockholm]]
*[[Nasdaq Nordic]]
*[[Nasdaq Vilnius]]
*[[Nasdaq Riga]]
*[[Nasdaq Tallinn]]
*[[Nasdaq Iceland]]
*[[Nasdaq First North]]

;Other lists
* [[List of Finnish companies]]
* [[List of Ålandic companies]]

=== Social club ===

* [[Helsinki Bourse Club]]

==References==
{{Reflist}}

== External links ==
{{Commons category|Helsinki Stock Exchange}}
*[http://www.nasdaqomxnordic.com/ Nasdaq OMX Nordic homepage] {{in lang|en}}
*[http://www.nasdaqomxnordic.com/shares/listed-companies/helsinki Companies listed on Nasdaq Helsinki] {{in lang|en}}

{{Nasdaq Helsinki}}
{{Nasdaqomx|state=uncollapsed}}
{{World Federation of Exchanges}}
{{Finland topics}}
{{authority control}}

{{Coord|60.1684|24.9492|display=title}}

[[Category:Financial services companies established in 1912]]
[[Category:Finnish companies established in 1912]]
[[Category:Economy of Finland]]
[[Category:Buildings and structures in Helsinki]]
[[Category:Economy of Helsinki]]
[[Category:Stock exchanges in Europe]]
[[Category:Nasdaq exchanges|Helsinki]]
[[Category:Nasdaq Nordic]]
[[Category:Financial services companies of Finland]]
[[Category:Kluuvi]]