The Reykjavik Open 2016 took play for the 31st time from 8-16th March, 2016, in Harpa, the 28.000 sqm. concert hall, in Reykjavik, Iceland.
The tournament format was 10-round Swiss with the time control 90 min/40 moves+30 min+30 sec/move 1.
A total of 246 players competed the first prize is in the amount of 5,000 EUR.