Some of the Nordic region’s biggest companies and wealthiest investors are working on a proposal to create a single, unified stock exchange. The proposal is one idea the group, called Nordic Compass, is considering to more closely integrate the region’s capital markets, according to people familiar with the discussions.

The initiative involves participants from Finland, Sweden, Denmark, Norway and Iceland, as reported by Bloomberg Markets. The group aims to strengthen regional financial integration through potential structural changes to how trading is conducted across these countries.

Details remain preliminary, and the group has not yet committed to a specific timeline or structure for the proposed exchange. Discussions are ongoing, with no formal announcement made as of the latest update on August 26, 2026.

The potential unified exchange would represent a significant shift for Nordic capital markets, potentially increasing liquidity and cross-border investment opportunities. The proposal is part of broader efforts to enhance the region’s global competitiveness in financial services.