NASDAQ OMX Group
“Market Cap $6.08 B As of May 2014
- Industry: Investment Services
- Founded: 1971
- Country: United States
- CEO: Robert Greifeld
- Website: www.nasdaqomx.com
- Employees: 3,365
- Sales: $3.24 B
- Headquarters: New York, New York
- #1443 in Profit
- #1506 in Assets
- #1674 in Market value
The NASDAQ OMX Group, Inc. is a holding company. It delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services across six continents. The company’s global offerings include trading and clearing house across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services, and market technology products and services. It operates through three business segments: Market Services, Issuer Services and Market Technology. The Market Services segment includes the U.S. and European Transaction Services businesses, as well as Access Services, Market Data and Broker Services businesses. It offers trading on multiple exchanges and facilities across several asset classes, including cash equities, derivatives, debt, commodities, structured products, and ETFs. This segment also provides clearing, settlement, and depository services. The Issuer Services segment includes Global Listing Services and Global Index Group businesses. It offers capital raising solutions to companies around the globe. The Global Listing Services business includes the U.S. Listings, European Listings, and Corporate Solutions businesses. The Global Index Group business develops and licenses NASDAQ OMX branded indexes, associated derivatives, and financial products. The Market Technology segment delivers technology and services to marketplaces, brokers, and regulators throughout the world. This segment provides technology solutions for trading, clearing, settlement and information dissemination, and also offers facility management integration, surveillance solutions, and advisory services. The NASDAQ OMX Group was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.”
“NASDAQ OMX Group History
Merger attempt with London Stock Exchange
In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as “derisory.” It then received a bid in March 2006 for £2.4 billion from NASDAQ(national association of securities dealers of automated quotations), which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE’s largest shareholder, Ameriprise Financial’s Threadneedle Asset Management unit, to acquire all of that firm’s stake, consisting of 35.4 million shares, at £11.75 per share. NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares. The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext, owner of the New York Stock Exchange.
Subsequent purchases increased NASDAQ’s stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected on February 10, 2007.
Boston and Philadelphia Exchanges purchase
On October 2, 2007, NASDAQ purchased the Boston Stock Exchange. On November 7, NASDAQ announced an agreement to purchase the Philadelphia Stock Exchange.
On May 25, 2007, NASDAQ agreed to buy the Swedish-Finnish financial company that controls 7 Nordic and Baltic stock exchanges OMX for USD 3.7 billion to form NASDAQ OMX Group. As of February 27, 2008, the deal was completed.
Sustainable Stock Exchanges initiative
On June 18, 2012, NASDAQ became a founding member of the United Nations Sustainable Stock Exchanges initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20).
Acquisition of Thomson Reuters businesses
On December 12, 2012, NASDAQ OMX announced that it would acquire Thomson Reuters’ investor relations, public relations and multimedia businesses for $390 million in cash. NASDAQ OMX completed the purchase on June 3, 2013.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “Nasdaq“