Faroese Securities Market
What is the Faroese Securities Market?
The Faroese Securities Market is a securities market established in 2000 for the Faroe Islands. It is technically operated by the Icelandic Stock Exchange.
Where have you heard about the Faroese Securities Market?
If you have any dealings with businesses in the Faroe Islands, you’ll know about the Faroese Securities Market, as it is where companies of the Faroe Islands trade securities. Since 2003, it has been run in collaboration with OMX Iceland.
What you need to know about the Faroese Securities Market.
The collaboration with OMX Iceland has enabled Faroese companies to be registered on the OMX Nordic Stock Exchange in Iceland. The first bonds were placed on OMX in 2004 and the first company in 2005. From 2007 to 2014 the market value of the Faroese securities markets has tripled to over 2 billion US dollars, which is positive considering the Faroe Islands has a population of just 50,000 people.
Find out more about the Faroese Securities Market.
If you want to find out more about the Faroese Securities Market, read about the Icelandic Stock Exchange.