MARKET
INFORMATION
Nasdaq Iceland
|
Trading Hours
|
Pre-trade open |
09:00 |
|
|
Opening Auction |
09:15 - 09:30 |
||
|
Continuous Trading |
09:30 - 15:25 |
||
|
Closing Auction |
15:25 - 15:30 |
||
|
Trade At Last |
15:30 - 15:40 |
||
|
Time Zone |
GMT+0 |
Trading Days |
Monday – Friday |
|
Trading Currency |
Icelandic Krona (ISK) |
||
|
Main Index |
Index name |
OMX Iceland All-Share |
|
|
Bloomberg code |
ICEXI |
||
|
Exchange Code |
Reuters |
IR |
|
|
Bloomberg |
IR |
||
|
Trading ID/ Trading Requirement |
None. Post allocation |
||
|
Settlement Cycle |
T+2 |
||
|
Current Index Status |
MSCI FM FTSE EM |
||
|
Market Cap |
$26.6bn (Nasdaq only factors in IR listed shares of JBTM into market cap) |
||
Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
|
2023 |
$25mn |
|
2024 |
$36.9mn |
|
2025 |
$34.8mn |
MARKET
DYNAMICS
Stock Limit
Up/Down
Up/Down
Varies between stock names 10-15% (static volatility guards)
Tick
Size
Size
Varies from stock to stock. Please contact us for full and further details.
Board
Lot
Lot
1 share
Crosses
Allowed in and outside the market
spread
spread
Hidden
Orders
Orders
Allowed For Larger Size
Off- Market
Crosses
Crosses
Allowed pre- and post trade. Also allowed outside the spread.
Official
Closing Price
Closing Price
The closing auction price or if no crossing the last official trading price during market hours.
All Or None
Available
Iceberg
Allowed
Pegged
orders
orders
Allowed to peg to bid, ask and mid-spread
MARKET
REGULATIONS
Foreign Ownership Restriction
Some sector based restrictions that apply for foreign investors, mainly in the Fishing space
Disclosure Rules
Required at every 5% interval (5%,10%, 15% etc) for listed stocks.
Securities Lending
Permitted but not widely practiced (Local pensions funds not allowed to lend).
Short selling
Net short positions larger than 0.1% of issued shares must be reported to the Financial Supervisory Authority in Iceland.
Net short positions larger than 0.5% of issued shares must be reported publicly.