Nordic Growth Market (NGM)

The Nordic Growth Market (NGM) is a securities exchange based in Stockholm, Sweden. It was founded in 1984 and is fully owned by the Börse Stuttgart (Stuttgart Stock Exchange). Trades are executed electronically using the Elasticia system.

The NGM provides an alternative to Scandinavia’s NASDAQ stock markets for those looking to invest in Swedish and Finnish mid-sized companies. More than 200 companies list their stocks on the exchange, and over 12,000 other securites are available to investors.

An interesting feature of NGM is that the exchange shares part of the fees generated through trades in corporate shares with the issuing companies.

NGM also operates the Nordic Derivatives Exchange (NDX), a regulated derivatives exchange which lists derivatives issued by more than 30 major financial services providers across Europe.

The Nordic Growth Market Index (NGX) tracks the performance of stocks listed on the exchange.

Trading hours (Sweden): Monday through Friday 9:00 a.m. to 5:30 p.m. CET (UTC+1)
Trading hours (Finland): Monday through Friday 8:00 a.m. to 5:25 p.m. CET
Trading hours (Norway): Monday through Friday 9:00 a.m. to 5:25 p.m. CET
Settlement cycle: T+2

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Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at