All NOREX Exchanges to use common global classification standard
All eight NOREX exchanges will use the same industry classification standard – the Global Industry Classification Standard (GICS) developed by Morgan Stanley Capital International Inc. (MSCI) and Standard & Poor’s (S&P) – as a part of the integration of the Nordic and Baltic securities markets.Stockholm Stock Exchange, Oslo Børs and Copenhagen Stock Exchange have used the GICS classification since 2001. The GICS classification will now also be adopted by Helsinki Stock Exchange, Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius Stock Exchange, commencing during