Milestones in the history of the Norwegian stock exchange

1801 – Christiania’s population is just 9,527.

1819 – The Christiania exchange had three brokers and 234 trading businessmen.

1826 – Work starts on the new exchange building, with completion in 1829.

1881 – Stocks and shares are added to the exchange’s lists, and prices are set for securities for the first time. The new list includes 16 bonds and 23 shares, including Norges Bank.

1866 – Start of new trading arrangements with daily price telegrams.

1868 – Annual stock exchange membership fees are set at NOK 4 for merchants, traders, businessman and brokers, but just NOK 2 for women entitled to trade.

1896 – Trading volumes start to increase and prices improved markedly. This is driven by improving economic conditions and the start of a new era for Norwegian industry. The exchange now opens twice a month to set prices for stocks and shares - in practice every second Friday.

1897 – The stock exchange’s brokers get together for the first time to produce a joint list of stock and share prices.

1901 – The commodities list, which already includes sugar, is expanded to include flour, cooking oil and paint products.

1904 – Opening times for commodities sessions are standardised as every Friday at 12.30.

1907 – Daily foreign exchange prices are introduced. By 1916 the daily foreign exchange session is expanded to brokers from 15 banks.

1911 – Completion of building work to expand the stock exchange building.

1914 – The stock exchange committee decides to introduce licensing for brokers so that trading in stocks and shares takes place under proper supervision and control.

1916 – A daily session is introduced for shipping and whaling shares.

1917 – As business volumes increase, space in the stock exchange building is at a premium. In August 1917 a new system of permits is introduced for access to the trading room by authorised share brokers, banks, financiers and a number of un-authorised brokers.

1921 – The stock exchange in Oslo wins exclusive legal standing for its name.

1922 – Daily trading sessions are introduced for all categories of stocks and shares.

1920-1936 – Whaling shares account for around 50% of total turnover in this period.

1925 – The stock exchange makes its first national radio transmission.

1946 – The shipping magnate Kaare Schøning puts forward the idea of an index for the Oslo market and this is accepted. The new index was based on 1 January 1939 prices and as well as an all share index, weekly prices are introduced for the banking, industrials, shipping and whaling sectors. Over subsequent years the indices are changed and re-based several times.

1963 – The Norwegian authorities rule that commodity trading on the stock exchange hinders free competition. Trading in all commodities except eggs is discontinued.

1988 – Open outcry trading is replaced by an electronic trading support system.

1989 – Bond trading is decentralised.

1990 – Start of derivatives trading on the Oslo exchange.

1999 – A new electronic trading system is launched in February, and brokers now no longer need to meet at the stock exchange building to trade. In November the Oslo stock exchange signs a letter of intent on future collaboration with the Stockholm and Copenhagen stock exchanges. The three exchanges commit themselves to developing a joint Nordic marketplace through the NOREX Alliance.

2000 – Oslo Børs introduces the SMARTS market surveillance system and over the next couple of years develops its expertise to become one of the leading exchanges in the world for electronic surveillance of market trading.

2001 – Oslo Børs throws out the old all share index first introduced in 1983. It is replaced by a new family of indices based on international standards developed by MSCI Barra and Standard & Poor's. Moving on to this international standard makes it easier for investors to compare companies from country to country. Investors can now follow overall market developments through a new all share index (OSEAX) and a new benchmark index (OSEBX).

2002 – Oslo Børs switches to the same trading platform as the other NOREX exchanges. The new trading system, known as SAXESS, was originally developed by the Stockholm stock exchange. Moving on to the new system gives access to many international investment firms interested in trading shares in the Norwegian market.

2003 – Oslo Børs introduces a closing auction for shares and primary capital certificates to improve the quality of trading and price quotation at the close of the trading day. The closing auction runs from 16.00 –16.10.

2005 - Oslo Børs launches the Alternative Bond Market (ABM), a new marketplace for listing and trading fixed income instruments. The ABM offers somewhat simpler requirements for admission to listing and financial reporting than the normal stock exchange market. However, once a fixed income issue has been admitted to listing, the requirements for the issuer to provide information to the market are very largely the same as apply on the stock exchange market.

2006 - Oslo Børs introduces extended trading hours in order to adjust to the international market. The trading hours for shares and primary capital certificates are from 09:00am - 4:30 pm and for derivatives from 09:00 am - 4:20 pm. Trading hours for interest-bearing instruments remains unchanged from 09:00 am - 4:00 pm.

2006 - The number of investment firms that have a direct link to trading on Oslo Børs (member firms) has grown strongly in recent years. In 2006, the number of member firms exceeds 50 for the first time.

2007 - Oslo Børs launches Oslo Axess, an authorised marketplace for listing and trading equities and equity certificates. Oslo Axess applies slightly less demanding requirements for admission to listing than is the case for the stock exchange market. This principally involves lower thresholds for the time the company has been in existence, its market capitalisation and the spread of ownership of its shares. Once a company has been admitted to listing on Oslo Axess, it is subject to the same requirements to provide information to the market as apply to companies listed on the normal Oslo Børs stock exchange market.

2007 - Oslo Børs merges with VPS, bringing together the entire infrastructure chain for the Norwegian securities market in a single company: Oslo Børs VPS.

2009 - Oslo Børs and the London Stock Exchange enter into a strategic partnership. One of the features of the partnership is that Oslo Børs will migrate onto the same trading technology as the largest exchange in Europe over the course of 2009 and 2010.

Contact us

Oslo Børs

  • Tollbugata 2
  • Box 460 Sentrum, 0105 Oslo
  • +47 22 34 17 00