OMX

Nasdaq Nordic

Type	Subsidiary
Industry	Financial services
Founded	2003
Headquarters	, Sweden
Key people	Hans-Ole Jochumsen (CEO)
Products
Revenue	SEK 4.305 billion (2007)
Number of employees	1,638 (2007)
Parent	Nasdaq, Inc.
Website	www.nasdaqomxnordic.com

Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic countries.

Historically, the operations have been known by the company name OMX AB (Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange), which was created in 2003 upon a merger between OM AB and HEX plc. In 2015, the legal entity OMX AB was renamed Nasdaq AB, but it also operates under the alias Nasdaq OMX AB. The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group) since February 2008.

Nasdaq Nordic has two divisions, OMX Exchanges, which operates eight mainly in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges.

OM AB (Optionsmäklarna) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the in 1998 and unsuccessfully attempted acquisition of the in 2001. During the dot-com bubble in the early 21st century OM, together with investment bank Morgan Stanley Dean Witter, launched a virtual European stock exchange called Jiway. The project was not successful and was cancelled on 14 October 2002.

On 3 September 2003 the (HEX) merged with OM, and the joint company became OM HEX. On 31 August 2004, the brand name of the company was changed to OMX. OMX then acquired the in January 2005 for €164 million. On 19 September 2006 the owner Eignarhaldsfelagid Verdbrefathing (EV) announced it would be acquired by OMX in a deal valuing the company at 250 million SEK. The transaction was completed by the end of the year.

The company took a 10% stake in Oslo Børs Holding ASA, the owner of the in October 2006. As of September 2016, Nasdaq is not a major shareholder in the Oslo Stock Exchange holding company, which following a merger is currently called Oslo Børs VPS Holding ASA. Nasdaq has, however, publicly stated its interest in eventually acquiring the Oslo Stock Exchange.