NASDAQ FILES FOR UK APPROVAL OF PLANNED PAN EUROPEAN MARKET

 

Posted April 17, 2008

 

LONDON – Nasdaq OMX Group Inc. has filed an application with the UK regulator, the Financial Services Authority (FSA), to make its Nasdaq OMX Pan European Market a multi-lateral trading facility (MTF).

 

“We have received a very positive response to the announcement of our Pan European Market, which will be the first trading platform to link major European liquidity pools,” says Robert Greifeld, Chief Executive Officer of the Nasdaq OMX Group. “Filing our FSA application is an important step in our progression and we look forward to bringing increased competition and a new and better trading experience to these markets.”

 

Nasdaq OMX plans to launch the Pan European Market in September 2008 with about 300 of the most actively traded European blue chip shares, pending FSA approval of the application. The market will connect European liquidity pools with pan-European routing, operating in a cross-border, multi-market environment.

 

   
     

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