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Transaction Gives NASDAQ OMX a Second U.S. Equity Market
NEW YORK, Aug. 29, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, today announced it has completed its acquisition of the Boston Stock Exchange (BSE). NASDAQ OMX will use the new platform to launch a second U.S. equities market. The new entity will be renamed NASDAQ OMX BXSM ("BX") and is expected to launch in the fourth quarter of 2008.
Bob Greifeld, Chief Executive Officer of NASDAQ OMX, said, "2008 has been a pivotal year for The NASDAQ OMX Group given the completion of three exchange acquisitions. These have contributed to our transformation into broader asset classes and our growth across borders and new geographic …