|
|
 | | | |
- close
- close
- close
- close
| |||||||||
NDAQ » Topics » Globalization, growth, consolidations and other strategic arrangements may impair our competitive position.This excerpt taken from the NDAQ 10-K filed Feb 28, 2007. Globalization, growth, consolidations and other strategic arrangements may impair our competitive position.
The liberalization and globalization of world markets have resulted in greater mobility of capital, greater international participation in local markets and more competition among markets in different geographical areas. As a result, the competition among U.S.-based and non-U.S.-based markets and other execution venues has become more intense.
In addition, in the last several years, the structure of the securities industry has changed significantly through demutualizations and consolidations. In response to growing competition, many marketplaces in both Europe and the United States have demutualized to provide greater flexibility for future growth. The securities industry is also experiencing consolidation, creating a more intense competitive environment. Also, a high proportion of business in the securities market is becoming increasingly concentrated in a smaller number of institutions and our revenue may therefore become concentrated in a smaller number of customers.
This excerpt taken from the NDAQ 8-K filed Dec 11, 2006. Globalization, growth, consolidations and other strategic arrangements may impair our competitive position. The liberalization and globalization of world markets have resulted in greater mobility of capital, greater international participation in local markets and more competition among markets in different geographical areas. As a result, the competition among U.S.-based and non-U.S.-based markets and other execution venues has become more intense. In addition, in the last several years, the structure of the securities industry has changed significantly through demutualizations and consolidations. In response to growing competition, many marketplaces in both Europe and the United States have demutualized to provide greater flexibility for future growth. The securities industry is also experiencing consolidation, creating a more intense competitive environment. Also, a high proportion of business in the securities market is becoming increasingly concentrated in a smaller number of institutions and our revenue may therefore become concentrated in a smaller number of customers. | EXCERPTS ON THIS PAGE:
|
| |||||||
