ISE meaning in Stock Exchange ?

Answer:

What is Iceland Stock Exchange mean?

The Nasdaq Iceland, formerly known as the Iceland Stock Exchange (XICE) (Icelandic: Kauphöll Íslands), is a stock exchange located in Iceland. It 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 1991. 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 XICE are relatively small and are relatively illiquid.

All domestic trading of Icelandic bonds, equities and mutual funds takes place on the XICE. Bonds and equities are regularly traded, though the liquidity is small in comparison with other exchanges. No mutual funds are currently listed on the market. Since its founding, the XICE has used various electronic systems. Since 2000, it has used the SAXESS system of the NOREX alliance, which allows for the cross-listing of stocks on Nordic stock exchanges. No foreign company lists directly on the XICE, as the small size and illiquidity of the market makes such a move redundant. Conversely, few Icelandic firms have listed abroad, including DeCODE. Faroese bonds were listed on behalf of Virðisbrævamarknaður Føroya in November 2003, and since December 2007 four Faroese equities have been listed on the OMX Nordic Exchange in Iceland.

Since 1 January 1999, the XICE has operated as a private company, owned by the listed companies (29%), member firms (29%), the Central Bank of Iceland (16%), pension funds (13%) and the Association of Small Investors (13%).

Páll Harðarson is the current president of the stock exchange. XICE agreed to be taken over by larger rival OMX Nordic Exchange on 19 September 2006.

On 6 October 2008, the Financial Supervisory Authority decided to temporarily suspend trading on regulated market financial instruments issued by Glitnir, Kaupthing Bank, Landsbanki, Straumur Investment Bank, Spron and Exista. When the exchange reopened on 14 October, the stock index fell by 76%.

After having reached its peak of 3495.28 on the 20th of July 2007, the OMX Iceland All-Shares Index collapsed to its bottom at 167.77 on April 8, 2009, a fall of 95.2% from top to bottom. Nine years later, the index was yet to reach 670.

reference

Full Form	Category
International Society of Electrochemistry	Academic & Science
Institute of Sanitary Engineering	Academic & Science
International Society of Endocrinology	Academic & Science
Integrated Systems Engineering	Academic & Science
Information Systems Engineering	Academic & Science
Industrial and Systems Engineering	Academic & Science
Innovative Software Engineering	Academic & Science
Intelligent Systems Engineering	Academic & Science
Institutional Student Employee	Academic & Science
International Student Exchange	Academic & Science
International Students Enschede, the Netherlands	Academic & Science
Instructional Support and Enhancement	Academic & Science
Information and Systems Engineering	Academic & Science
Isparta	Airport Code
Internal Success Environment	Business
International Sales Of Electronics	Business
In Search of Excellence	Community
International Symposium on Electrets	Community
Integrated Storage Element	Computer Hardware
Interactive Software Engineering	Computing
Industrial Software Engineering	Computing
Invalid Size Expression	Computing
Integrated Service Environment	Computing
Information Security Engineering	Computing
Information Security Evaluation	Computing
Ip Services Engine	Computing
Internet Service Engine	Computing
Identity Services Engine	Computing
Information Sharing Environment	Computing
Isapi Extension	Computing
Information Security Executive	Computing
Integrated Solid Effect	Electronics
Inter-Stellar Empire	General
Isetta	General
Illuminated Spirit of Ecstasy	General
Intrepid Se	General
Internal Sneezing Error	General
International Securities Exchange	General
Inner Space Explorers	General
Integrated Scripting Environment	General
Import Segment and Enrich	General
Integrated Systems Events	General
Itial Support Element	General
Independent Security Evaluators	General
Ion Selective Electrodes	General
Integrity Service and Excellence	General
Intelligent Storage Elements	General
Institute of Sustainable Energy	Governmental
Integrated Summary of Efficiency	Governmental
Institute for Sustainable Enterprise	Governmental
Internal Service Error	Internet Error Codes
Internal Server Error	Internet Error Codes
Initial Sensitizing Event	Medical
Internet Shakespeare Editions	Messaging
Intelligence Support Element	Military and Defence
Intermediate Support Equipment	Military and Defence
International Submarine Engineering	Military and Defence
Intensional Sequential Evaluator	Physics Related
Ion Selective Electrode	Physics Related
Integrated Systems Europe	Regional
Integrated Software Environment	Softwares
Integrated Synthesis Environment	Space Science
Imperial Stock Exchange	Stock Exchange
Irish Stock Exchange	Stock Exchange
Islamabad Stock Exchange	Stock Exchange
Istanbul Stock Exchange	Stock Exchange
Iceland Stock Exchange	Stock Exchange