Nasdaq and Borse Dubai joined forces today to buy Nordic exchange OMX and create 'a global financial marketplace' in which state-owned Borse Dubai will acquire key stakes in the London Stock Exchange and Nasdaq, reported Reuters. Under the deal, Borse Dubai will have a 20% stake in Nasdaq, while Nasdaq will take a strategic stake in Dubai International Financial Exchange, which will be rebranded with the Nasdaq name and licensed to use Nasdaq and OMX market technology. [AMEInfo.com]



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Posted: 09|20|07 at 11:19 am. Filed under: News.