Posts for Ticker ‘NASDAQ’

NASDAQ Heads to Vietnam (NDAQ)

The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has signed a memorandum of understanding with Vietnam’s Ho Chi Minh Stock Exchange (HOSE).  This is Vietnam’s largest stock exchange.  The exchanges intend to support development of the Vietnamese securities market using NASDAQ OMX’s technology and market experience to strengthen infrastructure, efficiency and liquidity at HOSE and the Vietnamese capital market as a whole.

Before thinking this will add significantly to NASDAQ any time soon, you might want to look at the English version of the active stock page trading volume there.

Jon C. Ogg
September 23, 2008

Posted on: September 23, 2008 – 2:09 pm in Emerging Markets, Exchange News, ,

Will Saber Rattling Kill NASDAQ/OMX/LSE/Dubai Deal? (NDAQ, NYX, C)

The NASDAQ Stock Market (NASDAQ:NDAQ) has been in a long hunt over how it plans to grow and compete in a new world of mega-exchanges, and frankly its second place status in the U.S. for stocks is one that it would acknowledge is far from that of the NYSE Euronext (NYSE:NYX).  It was unsuccessful in its buyout of the London Stock Exchange.  Then it focused on the Nordic OMX, only to get a rival bid over OMX from Borse Dubai.  The NASDAQ finally reached a deal that can be secured, but the much needed help that arrived may have been slapped in the face by observers.

The NASDAQ yesterday reached a mutual deal with Borse Dubai that will allow it to gain control of the OMX.  In exchange, NASDAQ is giving up most of its holding (appears to be a 28% stake of 31.5%) in the London Stock Exchange.  But NASDAQ is also kicking in a 20% stake of its own stock.  The NASDAQ purchase price would be equivalent to about $41.00 per per share, and it appears this is for only a 5% voting stake with an ‘independent trustee’ holding the rest. NASDAQ will also get a stake in Borse Dubai, but we are going to stop there. because this is starting to sound like a monopoly game where the second and third tier players gang up on the likely winner. 

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Posted on: September 20, 2007 – 5:55 pm in Exchange News, Financial Stocks, Regulation, , , , , , , , ,