Hello Strange New World of Finance
This month I have left logistics behind for a new job in the financial sector. This is a domain that I know absolutely nothing about, so there are plenty of words to learn. I will start with these:
Oslo Stock Exchange 🏛
There are different marketplaces with separate sets of requirements.
Oslo Børs | A full stock exchange listing for large companies with a track record |
Oslo Axess | A regulated market for companies with less than 3 years history |
Merkur Market | Multilateral trading facility with less strict requirements and reporting |
Instruments 🎻
Common naming in the codebase! Because it’s a collective term for misc tradables.
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. – Wikipedia
- Equities – shares and stocks (not technically exactly the same, but more or less)
- Derivatives – a contract that derives its value from something else
- Bonds – a bind to pay a loan (“obligasjon” in Norwegian)
This is way more complex, but learning the difference roughly for a handful will do for now.
Ticker | The abbreviation to identify companies (or more precisely publicly traded shares) |
Security | Oooh, that is English for the Norwegian term “verdipapir” |
Indices | A-ha, plural of index! And a measurement of a section of the stock market |
ISIN | International Securities Identifying Number |
GICS | Global Industry Classification Standard |