All domestic trading of Icelandic bonds, equities and mutual funds takes place on the XICE.
Bonds and equities are regularly traded, though the liquidity is small in comparison with other exchanges.
No foreign company lists directly on the XICE, as the small size and illiquidity of the market makes such a move redundant.
XICE agreed to be taken over by larger rival OMX Nordic Exchange on 19 September 2006.
[3] On 6 October 2008, the Financial Supervisory Authority decided to temporarily suspend trading on regulated market financial instruments issued by Glitnir, Kaupthing Bank, Landsbanki, Straumur Investment Bank, Spron and Exista.