Stofnæmi

Stofnæmi, also known as the Icelandic Stock Exchange, is the primary stock exchange in Iceland. It was established in 1985 and is located in Reykjavik, the capital city of Iceland. Stofnæmi is a member of the Nordic Exchange Group, which includes other Nordic stock exchanges such as the Oslo Stock Exchange and the Copenhagen Stock Exchange.

The exchange primarily lists shares of Icelandic companies, although it also lists shares of foreign companies that are incorporated in Iceland or have their primary listing in Iceland. Stofnæmi is regulated by the Financial Supervisory Authority of Iceland, which ensures that the exchange operates in accordance with Icelandic laws and regulations.

Stofnæmi operates on a continuous trading system, which means that trading is open throughout the day, with the exception of a brief lunch break. The exchange is open for trading from Monday to Friday, with the exception of public holidays in Iceland.

Stofnæmi is an important part of the Icelandic economy, as it provides a platform for companies to raise capital and for investors to buy and sell shares. The exchange also plays a role in the development of the Icelandic financial sector, as it provides a venue for the trading of financial instruments and the development of new financial products.

In recent years, Stofnæmi has faced challenges due to the global financial crisis and the economic impact of the COVID-19 pandemic. However, the exchange has continued to operate and has played a role in the recovery of the Icelandic economy. Stofnæmi is an important part of the Icelandic financial sector and continues to play a crucial role in the development of the Icelandic economy.