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Nasdaq Getting Antsy After NYSE Merger

February 16, 2011

Nasdaq OMX Group reportedly is reassessing its strategy in the wake of the NYSE/Deutsche Boerse deal, and it won't "sit on the sidelines."  Speculation has been rampant as to which, if any, directions Nasdaq plans to take, including:

  • joining forces with the CME Group and making a counter-bid for the NYSE - though such a deal is probably too expensive.
  • being the first U.S. stock exchange to strike a major partnership with an Asian partner - say, with the Hong Kong Stock Exchange or the Singapore Stock Exchange, which itself is planning to merge with Australia's ASX. 

Nasdaq CEO Robert Greifeld is in Paris this week for a conference, though he's not holding talks with any European exchange officials, CBNC reports.  In any case, Nasdaq shares rebounded Wednesday, following a slide on the day the NYSE/Deutsche Borse deal was formally announced.   CNBC.com, 2/16]