NASDAQ acquiring Nordic markets owner OMX

US based electronic stock exchange company NASDAQ has confirmed that they are now acquiring Nordic markets owner OMX.

The deal is worth around $3.7 billion and would help NASDAQ expand their presence in international market.

This NASDAQ deal comes after a series of similar international deals between several stock exchanges.

NASDAQ had previously tried acquiring London Stock Exchange.

Nasdaq’s chief executive, Robert Greifeld spoke about this move: “This combination provides our organizations with the ability to grow and accelerate the global flow of equity capital.”

He would now be the chief executive of NASDAQ OMX Group. NASDAQ happens to be the second largest share market in the world behind the NYSE.

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