Market Overview

NASDAQ Buys 25% of TOM

Share:
Related NDAQ
Bank Of America Breaks Down The Brokerage Sector
E*TRADE To BlackRock: Here Are Barclays' New Favorite Financials
Principal Global Investors to Ring The Nasdaq Stock Market Opening Bell in Celebration of the ... (GuruFocus)

NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) today announced the acquisition of 25 percent of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1 percent of the remaining shares and secure a majority stake in TOM.

The transaction provides TOM global reach and scale and delivers on NASDAQ OMX's strategy to expand its derivatives presence across the European market. The current owners will remain shareholders, and as co-owners BinckBanck will provide order flow and Optiver and IMC will provide liquidity in the Dutch market. The fourth co-owner ABN AMRO will also connect to TOM.

Posted-In: News M&A

 

Related Articles (NDAQ)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...