Page "Iceland Stock Exchange" Paragraph 1

All domestic trading of Icelandic bonds, equities and mutual funds takes place on the ICEX.

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 ICEX 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 ICEX, 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.