45-455: Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe . Historically, the operations were known by the company name OMX AB ( Aktiebolaget Optionsmäklarna /Helsinki Stock E x change), created in 2003 with the merger between OM AB and HEX plc . In 2015,
90-600: A bidding war . On September 20, 2007, Borse Dubai agreed to stop competing to buy OMX in return for a 20% stake and 5 percent of votes in NASDAQ as well as NASDAQ's then 28% stake in the London Stock Exchange . In a complex transaction, Borse Dubai acquired 97.2% of OMX's outstanding shares before selling them on to NASDAQ. The newly merged company was renamed the NASDAQ OMX Group upon completion of
135-542: A 20% stake and 5 percent of votes in NASDAQ, as well as NASDAQ's then-28% stake in the London Stock Exchange . In a complex transaction, Borse Dubai acquired 97.2% of OMX's outstanding shares before selling them to NASDAQ. The newly merged company was renamed the NASDAQ OMX Group upon completion of the deal on 27 February 2008. The following exchanges, with official market names in parentheses, are operated by Nasdaq Nordic: The company's stock market activities are made up of three entities: Nasdaq, Inc. Nasdaq, Inc.
180-722: A 23% stake in the Exchange. The stake grew to 29% as a result of the London exchange's share consolidation. Nasdaq has since sold its investment. In 2007, the Exchange acquired the Milan-based Borsa Italiana for €1.6bn (£1.1bn; US$ 2bn) to form the London Stock Exchange Group plc. The combination was intended to diversify the LSE's product offering and customer base. The all-share deal diluted
225-733: A deal valuing the company at 250 million SEK . The transaction was completed by the end of the year. The company took a 10% stake in Oslo Børs Holding ASA, the owner of the Oslo Stock Exchange in October 2006. As of September 2016, Nasdaq is not a major shareholder in the Oslo Stock Exchange holding company, which following a merger is currently called Oslo Børs VPS Holding ASA . Nasdaq has, however, publicly stated its interest in eventually acquiring
270-587: A further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected on February 10, 2007. On October 2, 2007, Nasdaq purchased the Boston Stock Exchange . On November 7, Nasdaq announced an agreement to purchase the Philadelphia Stock Exchange . On May 25, 2007, NASDAQ agreed to buy OMX for US$ 3.7 billion. In August, however, Borse Dubai offered US$ 4 billion, prompting speculation of
315-464: A management suite for boards of directors. GlobeNewswire (previously PrimeNewswire) provides press release, editing and wire services. It was founded in 1998 and acquired by NASDAQ OMX in 2006. It was sold to Intrado in April 2018. On July 27, 2010, NASDAQ OMX Group, Inc. acquired SMARTS Group, a provider of market surveillance systems to exchanges, regulators and brokers. SMARTS Group had been
360-845: A merger is currently called Oslo Børs VPS Holding ASA . Nasdaq has, however, publicly stated its interest in eventually acquiring the Oslo Stock Exchange. In November 2007, OMX acquired the Armenian Stock Exchange and the Central Depository of Armenia . In December 2005, OMX started First North , an alternative exchange for smaller companies, in Denmark . The First North exchange expanded to Stockholm in June 2006, Iceland in January 2007 and Helsinki in April 2007. The Markets Technology division of Computershare
405-580: A new purpose-built building and trading floor in Threadneedle Street. Deregulation, sometimes known as " big bang ", came in 1986 and external ownership of member firms was allowed for the first time. In 1995, the Alternative Investment Market was launched and in 2004 the Exchange moved again, this time to Paternoster Square. Between April and May 2006, having been rebuffed in an informal approach, Nasdaq built up
450-663: A private auction of share sale. Nasdaq did not participate in the auction due to the hostile nature of the bid (held without Oslo Børs boards knowledge or approval). Euronext won the auction, and later secured another 24.6% of shareholder support, totaling 49.6%. Following this, Nasdaq acquired 32.5% shares in open market (mainly from individual shareholders/employees), and submitted an official bid, with unanimous recommendations from board and some key shareholders, to acquire remaining shares for 152 NOK, and later increased offer to 158 NOK (or almost 44% premium of December 17, 2018 closing price, to match Euronext offer), additionally making
495-666: A private company operating in Sydney, Australia, incorporating the market analysis software of Michael James Aitken . By 2017 SMARTS remained the leading market surveillance software, and was employed by thirteen regulators on forty-five exchanges. NASDAQ OMX sold its stake in the Carpenter Moore D&;O Insurance in 2009. The following exchanges are operated by Nasdaq, Inc.: The company's stock market activities are categorized into three divisions: In North America, OMX supports its most high-profile customers such as
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#1732772093381540-626: A takeover, however in Canada the deal was reported as a merger. The provisional name for the combined group would be LTMX Group plc. On 13 June 2011, a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled for the TMX Group. This was a cash and stock bid of CA$ 3.7 billion , launched in the hope of blocking the LSE Group's takeover of TMX. The group was composed of
585-566: A virtual European stock exchange called Jiway. The project was not successful and was canceled on October 14, 2002. On September 3, 2003, the Helsinki Stock Exchange (HEX) merged with OM, and the joint company became OMHEX . On August 31, 2004, the brand name of the company was changed to OMX. OMX then acquired the Copenhagen Stock Exchange in January 2005 for €164 million. On September 19, 2006,
630-502: A virtual European stock exchange called Jiway. The project was not successful and was cancelled on 14 October 2002. On 3 September 2003, the Helsinki Stock Exchange (HEX) merged with OM and the joint company became OM HEX . On 31 August 2004, the company name was changed to OMX. OMX then acquired the Copenhagen Stock Exchange in January 2005 for €164 million. On 19 September 2006, Iceland Stock Exchange owner Eignarhaldsfelagid Verdbrefathing (EV) announced it would be acquired by OMX in
675-664: Is headquartered in New York City, and its president and chief executive officer is Adena Friedman . Historically, the European operations have been known by the company name OMX AB ( Aktiebolaget Optionsmäklarna /Helsinki Stock E x change), which was created in 2003 upon a merger between OM AB and HEX plc . The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group ) since February 2008. They are now known as Nasdaq Nordic , which provides financial services and operates marketplaces for securities in
720-576: Is a global provider of financial markets data and infrastructure. Headquartered in London , England. It owns the London Stock Exchange (on which it is also listed), Refinitiv , LSEG Technology, FTSE Russell , and majority stakes in LCH and Tradeweb . The London Stock Exchange was founded in Sweeting's Alley in London in 1801. It moved to Capel Court the following year. In 1972, the Exchange moved to
765-402: Is a significant potential growth area for OMX. OMX's SECUR clearing and Genium trading platform facilitate trade novation, derivatives clearing, risk management and improved liquidity. SECUR clearing and Genium trading technology are in production around the world. OMX's technology customers include: London Stock Exchange Group London Stock Exchange Group plc , also known as LSEG,
810-471: Is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange , and the Boston Stock Exchange , and seven European stock exchanges: Nasdaq Copenhagen , Nasdaq Helsinki , Nasdaq Iceland , Nasdaq Riga , Nasdaq Stockholm , Nasdaq Tallinn , and Nasdaq Vilnius . It
855-645: The European Commission . OM AB ( O ptions m äklarna ) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden . OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001. During the dot-com bubble in the early 2000s, OM, together with investment bank Morgan Stanley Dean Witter , launched
900-670: The Financial Industry Regulatory Authority (FINRA), ICAP , ISE , and IDCG, which are powered by OMX trading systems such as X-stream, CLICK, CONDICO and SAXESS. OMX is the world's leading provider of central securities depository (CSD) technology. Its Equator CSD product is used by clients in Europe, the Middle East, Africa and the Caribbean. Central counterparty clearing (CCC) technology
945-524: The Iceland Stock Exchange owner Eignarhaldsfelagid Verdbrefathing (EV) announced it would be acquired by OMX in a deal valuing the company at 250 million SEK . The transaction was completed by the end of the year. The company took a 10% stake in Oslo Børs Holding ASA, the owner of the Oslo Stock Exchange in October 2006. As of September 2016, Nasdaq is not a major shareholder in the Oslo Stock Exchange holding company, which following
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#1732772093381990-526: The Nordic and Baltic regions of Europe. OM AB ( O ptions m äklarna ) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the Stockholm Stock Exchange in 1998 and unsuccessfully attempted acquisition of the London Stock Exchange in 2001. During the dot-com bubble in the early 21st century, OM, together with investment bank Morgan Stanley Dean Witter , launched
1035-527: The Toronto Stock Exchange agreed to join forces with the London Stock Exchange Group in a deal described by TMX head Tom Kloet as a 'merger of equals' (though 8/15 board members of the combined entity will be appointed by LSE, 7/15 by TMX). The deal, subject to government approval would create the world's largest exchange operator for mining stocks. In the UK, the LSE Group first announced it as
1080-507: The LSE became the 10th stock exchange to join the United Nations' Sustainable Stock Exchanges (SSE) initiative . On 26 June 2014, the LSE announced it had agreed to buy Frank Russell Co. , making it one of the largest providers of index services. In January 2015, Reuters reported that the London Stock Exchange Group planned to put Russell Investments up for sale, and estimates the sale will produce $ 1.4 billion. In March 2016,
1125-572: The Oslo Børs battle, handing Euronext the victory. In June 2023, Nasdaq announced that it had agreed to acquire Adenza from Thoma Bravo in a $ 10.5 billion cash-and-stock deal, the biggest for the US exchange operator to date. As part of the deal, Thoma Bravo would get a 15 percent stake in Nasdaq. NASDAQ Inc. partners with stock exchanges all over the world. One of the most recent partnerships
1170-405: The Oslo Stock Exchange. In November 2007, OMX acquired the Armenian Stock Exchange and the Central Depository of Armenia . In December 2005, OMX started First North , an alternative exchange for smaller companies, in Denmark . The First North exchange expanded to Stockholm in June 2006, Iceland in January 2007 and Helsinki in April 2007. The Markets Technology division of Computershare
1215-425: The case to Norway's markets regulator that in cases like this, 2/3 of the share control may be necessary to comply with any applicable regulatory requirement. In the end the regulator did not side with the two-thirds requirements, and general majority was deemed to be applicable. Euronext by that time had acquired or secured control of 50.5% shares, and Nasdaq had announced on May 25, 2019, that they were pulling out of
1260-590: The company agreed to buy Refinitiv in an all-share transaction valuing the target at $ 27 billion. Shortly thereafter, on 11 September 2019, LSEG itself became the target of a £32 billion bid by the Hong Kong Exchanges and Clearing , subject to abandoning its plans to buy Refinitiv. LSEG rejected the takeover bid two days later. In order to secure the Refinitiv deal, in July 2020, LSEG announced that it
1305-571: The company announced it had reached an agreement with Deutsche Börse to merge. The companies would have been brought under a new holding company, UK TopCo, and would retain both headquarters in London and Frankfurt. On 25 February 2017, the London Stock Exchange Group PLC stated it would not sell its fixed-income trading platform in Italy to Deutsche Börse AG, to appease anti-trust concerns. The planned merger between
1350-643: The deal on February 27, 2008. On June 18, 2012, NASDAQ became a founding member of the United Nations Sustainable Stock Exchanges initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20) . On December 12, 2012, NASDAQ OMX announced that it would acquire parts of Thomson Reuters for $ 390 million in cash. This deal included its investor relations , public relations and multimedia businesses. NASDAQ OMX completed
1395-494: The end of August 2023. The positions of chairman and Chief Executive of the London Stock Exchange Group were founded in 2007, upon the establishment of the Group. This is not to be confused with the chairmen and Chief Executive's of the London Stock Exchange plc , which is a subsidiary of the Group. The current Chief Executive is former Goldman Sachs banker David Schwimmer , who was appointed in 2018, replacing Xavier Rolet , who
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1440-481: The leading banks and financial institutions of Canada. The London Stock Exchange however announced it was terminating the merger with TMX on 29 June 2011 citing that "LSEG and TMX Group believe that the merger is highly unlikely to achieve the required two-thirds majority approval at the TMX Group shareholder meeting". In July 2012, the LSE bought a 5% stake in Delhi Stock Exchange. On 2 June 2014,
1485-560: The legal entity OMX AB was renamed Nasdaq AB , but it also operates under the name Nasdaq OMX AB . The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group ) since February 2008. On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union , as part of the Capital Markets Union proposed by
1530-496: The list. OMX also launched a pan-regional benchmark index known as the OMX Nordic 40 on the same date; however, the individual exchanges also retained their own national benchmark indices. On 25 May 2007, NASDAQ agreed to buy OMX for US$ 3.7 billion. In August, however, Borse Dubai offered US$ 4 billion, prompting speculation of a bidding war . On 20 September 2007, Borse Dubai agreed to stop competing to buy OMX in return for
1575-566: The list. OMX also launched a pan-regional benchmark index known as the OMX Nordic 40 on the same date; however, the individual exchanges have also retained their own national benchmark indices. In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank . The LSE described the offer as "derisory". It then received a bid in March 2006 for £2.4 billion from NASDAQ, which
1620-622: The purchase on June 3, 2013. In April 2017, Nasdaq launched Nasdaq Ventures, a venture investment program focused on companies that will help Nasdaq grow its product lines and open new market segments. The first 3 companies announced as part of the program are Chain, a blockchain technology company; Digital Reasoning , cognitive computing technology; and Hanweck, real-time risk analytics. During Christmas of 2018, shareholders representing 25% of Oslo Børs VPS Holding (the Norwegian Stock Exchange and national CSD operator) held
1665-518: The seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares. The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext , owner of the New York Stock Exchange . Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However, only
1710-449: The stakes of existing LSE shareholders, with Borsa Italiana shareholders receiving new shares representing 28 per cent of the enlarged register. On 16 September 2009, the London Stock Exchange Group agreed to acquire Millennium Information Technologies, Ltd., a Sri Lankan-based software company specialising in trading systems, for US$ 30m (£18m). The acquisition was completed on 19 October 2009. On 9 February 2011, TMX Group , operator of
1755-479: The two exchanges, which was estimated to create the largest exchange in Europe, was subsequently described as "at risk" by the Wall Street Journal . The merger attempt was blocked by EU Competition Regulator on 29 March 2017 stating that "The Commission's investigation concluded the merger would have created a de facto monopoly in the markets for clearing fixed income instruments". In August 2019,
1800-512: Was acquired in 2006. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers. On 2 October 2006, the group launched a virtual Nordic Stock Exchange after merging the individual lists of shares traded at its three wholly owned Nordic exchanges into a combined Nordic List. Companies listed on the Iceland Stock Exchange have also since been merged into
1845-437: Was acquired in 2006. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers. On October 2, 2006, the group launched a virtual Nordic Stock Exchange after merging the individual lists of shares traded at its three wholly owned Nordic exchanges into a combined Nordic List. Companies listed on the Iceland Stock Exchange have also since been merged into
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1890-405: Was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial 's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share. NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While
1935-560: Was considering selling its Italian assets including MTS, Italian bond trading venue and potentially Borsa Italiana. On 18 September 2020, LSEG entered into exclusive talks to sell the Italian Bourse to Euronext . The acquisition was announced on 9 October of that same year and was completed on 29 April 2021. In August 2023, LSEG said it intends to retire the Refinitiv name across the group, starting with market-data terminal Refinitiv Workspace, which will become LSEG Workspace from
1980-533: Was ousted in November 2017. Schwimmer's most recent role at Goldman Sachs was serving as "global head of market structure and global head of metals and mining in investment banking". Principal subsidiaries areas follows: incorporation votes held Following the merger with Borsa Italiana, the group is Europe's leading equities business, with 48% of the FTSEurofirst 100 by market capitalisation and with
2025-595: Was signed with Astana International Financial Centre (AIFC) in May 2017. According to the agreement, NASDAQ will power Kazakhstan's nascent stock exchange, the AIX (Astana International Exchange) . In January 2013, NASDAQ OMX announced that it would combine its global data products and index businesses into a unit called Global Information Services, as part of an ongoing effort to broaden its portfolio. On June 29, 2007, NASDAQ entered into an agreement to acquire DirectorsDesk .com,
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