NASDAQ OMX Iceland or
ICEX was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the
central bank. Trading began in 1986 in Icelandic
government bonds, and trading in
equities began in 1990. Equities trading increased rapidly thereafter. A wide variety of firms are currently listed on the exchange, including firms in retail, fishing, transportation, banks, insurance and numerous other areas. Because of the small size of the
Icelandic economy and the low cost of public listing, many of the companies traded on the ICEX are relatively small and are relatively illiquid.