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Nasdaq Helsinki
Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (Finnish: Helsingin Pörssi, Swedish: 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's acquisition of OMX in February 2008, NASDAQ OMX Helsinki, and currently Nasdaq Helsinki.
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 in Helsinki now stands, on the edge of the Market Square. Engel prepared drawings for an imposing city palace in the neoclassical style, drawing inspiration from the 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.
The Stock Exchange Association (Pörssiyhdistys) was founded in 1862. The association held regular meetings at the 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.
Architect Karl August Wrede designed a stock exchange building in Helsinki in 1882 in the Neo-Baroque style. This demonstrated that Finland had long-standing aspirations to establish stock exchange activity.
At the turn of the 19th and 20th centuries, Helsinki’s population grew rapidly. Finland industrialised, and economic growth was brisk. The belle époque era created a favorable moment to initiate stock exchange activities.
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 Imperial Senate of Finland and from Emperor Nicholas II.
The Helsinki Stock Exchange saw its first transaction on October 7, 1912. From then it remained a "free form" financial association until in 1984 it was converted into a cooperative owned mostly by banks, traders, other companies and 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.
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Nasdaq Helsinki
Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange (Finnish: Helsingin Pörssi, Swedish: 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's acquisition of OMX in February 2008, NASDAQ OMX Helsinki, and currently Nasdaq Helsinki.
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 in Helsinki now stands, on the edge of the Market Square. Engel prepared drawings for an imposing city palace in the neoclassical style, drawing inspiration from the 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.
The Stock Exchange Association (Pörssiyhdistys) was founded in 1862. The association held regular meetings at the 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.
Architect Karl August Wrede designed a stock exchange building in Helsinki in 1882 in the Neo-Baroque style. This demonstrated that Finland had long-standing aspirations to establish stock exchange activity.
At the turn of the 19th and 20th centuries, Helsinki’s population grew rapidly. Finland industrialised, and economic growth was brisk. The belle époque era created a favorable moment to initiate stock exchange activities.
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 Imperial Senate of Finland and from Emperor Nicholas II.
The Helsinki Stock Exchange saw its first transaction on October 7, 1912. From then it remained a "free form" financial association until in 1984 it was converted into a cooperative owned mostly by banks, traders, other companies and 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.