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’Plus Markets could get Tortoise moving
Turquoise, the inter-bank effort to come up with a rival trading platform to the LSE, has attracted a new moniker in certain circles: Tortoise. Given the firepower of the investment banks involved, some market participants are crest-fallen that this pretender to the stock exchange’s crown hasn’t been advancing a little more rapidly.
Nasdaq shares rise on Q2 profit
Nasdaq shares closed up 5 per cent after the company unveiled second-quarter profits at the high end of expectations and revised up its earnings guidance for the year. Nasdaq, which has a 30 per cent stake in the London Stock Exchange and has struck a deal to buy OMX Group,
Dubai exchange owner to bid for OMX
The owner of Dubai stock exchange is preparing an offer for Nordic stock market group OMX, rivaling the proposed $3.7bn merger between OMX and US group Nasdaq, reports the Daily Telegraph. The Dubai International Financial Centre,
Blow to Nasdaq-OMX merger
The Swedish government has emerged as a possible opponent to the proposed merger of OMX and Nasdaq with concerns that a deal could undermine the Nordic market operator’s competitiveness by making it “too American”.
In case you missed it…
If the Bank holiday weekend offered too many distractions, here are a few key items from the FT you may have missed:
Dubai group eyes move for OMX
A state-owned investment group in Dubai is thinking of making a counter-bid for OMX,
Nasdaq set for deal with OMX
The Nasdaq stock market is on Friday expected to announce an agreement to buy OMX Group, the Scandinavian exchanges and technology group, in a deal that would create the second transatlantic exchange operator in less than a year.
OMX lands Armenia
OMX Group has signed a letter of intent to buy the Armenian Stock Exchange. Armex, based in Yerovan, is assumed to be a relative minnow in the the pan-Nordic exchange’s expansion plans.
Yet on this historic occasion,
Spurned Nasdaq goes speed dating
Not one to take a rejection lightly, it seems Nasdaq, fresh from its abortive attempt to takeover the London Stock Exchange, is hunting at home and abroad for a potential partner.
The stock exchange is in talks to buy the Philadelphia Stock Exchange,
Nasdaq bids $3.3 bln for Nordic peer OMX: report
Nasdaq has made a 23bn Swedish crown ($3.33bn) bid for its Nordic peer OMX, according to the Swedish business daily Dagens Industri, via Reuters. Nasdaq submitted an indicative bid two weeks ago of 192 crowns per share for the Nordic and Baltic exchange owner and technology firm,