Electronic Securities: The Introduction of an Electronic Registration and Settlement System for the Norwegian Securities Market

Abstract : The development of computerized systems in the financial industry facilitated the growth of the stock exchange market for institutional and private investors. Paperless settlement systems for stocks and bonds were first introduced in the Nordic region. The successful introduction of the new infrastructure for the securities markets was the result of solid cooperation between market participants and authorities, which made it possible to implement major changes in the incumbent manual systems in record time.