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This excerpt taken from the NDAQ 8-K filed Feb 20, 2008. Diversifies our operations and enhances existing product offering The acquisition of OMX will add 839 listed companies from 18 countries in Europe, Asia and Australia and provide us with a truly global issuer base by diversifying our business from both a geographic and product standpoint. We believe the acquisition of OMX and PHLX will enhance our product offering by providing us with immediate leadership in European cash equities trading, as well as U.S. and European derivatives trading. OMX will also provide us with a new source of long-term recurring revenues through its global technology solutions business and enrich our information sales. We will be able to offer trade data from OMXs European exchanges to U.S. investors and increase our sales of Nasdaq trade data to European investors. In addition, we will be able to leverage the strength of each organizations distribution capabilities to broaden the data customer base, as well as create new data products. The combination also provides us with derivatives clearing and settlement services capabilities in Europe. |
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