The London Stock Exchange on Thursday said it was in exclusive talks with bank share-holders of Turquoise to buy the share trading platform, launched only a year ago to compete against the 208-year-old exchange. The move is a blow for US-based Nasdaq OMX, which had been discussing a possible purchase with Turquoise shareholders. Turquoise was founded by nine banks which account for most bank orders sent to the LSE. See also FT Alphaville here, and Lex, here.

This entry was posted by Gwen Robinson on Friday, October 2nd, 2009 at 4:59 and is filed under Capital markets, M&A. Tagged with lse, Nasdaq OMX, turquoise. Edit this entry.