OMX
Following its agreement with Borse Dubai, NASDAQ is poised to capture 67% of the controlling stake, thereby inching ever closer to taking over the company and creating a trans-atlantic powerhouse.
Nasdaq-OMX group as it’s now known as now controls and operates the NASDAQ stock market in NYC, which is the second largest in the US; in addition, it now operates eight stock exchanges in Europe and also holds 33.3% of the Dubai Stock Exchange. It has a double-listing agreement with OMX, and will compete with NYSE-Euronext group in attracting new listings.
Nontraditional market platforms, such as Japanese investment bank Nomura Holdings Inc.’s Chi-X, has in recent months taken about 10 percent of the trade in blue chip stocks.
With ambitions to clinch a vast share of European share trade itself, Nasdaq OMX in March unveiled plans to launch a pan-European platform for the most actively traded blue chip stocks in Europe.
The platform is due for start in September and aims to clinch 5 percent of the market within a year, and 20 percent in the longer term.
