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NASDAQ COMPLETES ACQUISITION OF NORD POOL UNITS
Posted October 22, 2008
“With Nasdaq OMX Commodities, our intent is to create a global leader in
energy derivatives and carbon products,” says Robert Greifeld, Chief
Executive Officer of Nasdaq OMX. “Combining Nord Pool’s footprint in the
commodities market with Nasdaq OMX’s global distribution capabilities
and customer base puts us in a unique position to create a financial
center for energy related derivatives. As one company we can meet our
customers’ demands for trading in multiple asset classes, allowing us to
grow liquidity in both existing and new markets.”
The regulated exchange, Nord Pool ASA, will remain a separate entity
while clearing operations and all international products listed on Nord
Pool ASA will be accounted for within Nasdaq OMX.
“Under Nasdaq OMX Commodities, we will be very well positioned for the increased competition and consolidation in the global energy market, and have the ability to introduce new products,” says Geir Reigstad, Head of Nasdaq OMX Commodities, and previously Senior Vice President of Projects at Nord Pool ASA. “When integrating our technology platforms, both customer bases will be able gain access to asset classes at each other's markets through one single interface, providing efficiency advantages for all our members.”
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