This excerpt taken from the NDAQ 8-K filed Aug 17, 2007.
Further enhancing Nordic capital markets
Capital markets are the engine of economic growth. To build on its success and economic development in the Nordic region, OMX should combine with a company that has the incentives, transparency, experience and expertise required to thrive in the evolving global financial marketplace. A NASDAQ-OMX combination will create additional business opportunities for the Nordic Exchange and increase the pools of capital to which the companies listed on the exchange have access. This will enhance the international profile of the companies listed on the exchange and increase liquidity and reduce volatility in the market. Furthermore, better access to capital and marketing opportunities will help increase the value of existing listed companies, attract new listings, and contribute to the Nordic regions overall growth and the development of Stockholm as a financial center. The combination with NASDAQ will also lead to increased efficiencies, which will benefit all of the exchanges members and its listed companies and enable OMX to be the leading and most efficient securities marketplace.
NASDAQs incentives are aligned to promote continued development of the Nordic and Baltic capital markets, and provide a platform for the combined organizations growth throughout Europe, while Bourse Dubais vision for OMX inevitably will focus primarily on promoting the economic interests of Dubai.
The NASDAQ OMX Group will be a fully transparent organization with publicly-filed financial statements operating under numerous checks and balances, including but not limited to an independent Board of Directors with substantial Nordic representation and clear duties, a broad shareholder base, and oversight from regulators at the local and holding company levels. In NASDAQs view, this is a superior model for establishing and maintaining an efficient and effective relationship with regulators, and complements
NASDAQs and OMXs long history of cordial relations with expert regulators and compliance with sophisticated and legal regimes.
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