Nasdaq OMX Europe gets regulatory OK

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Sept 8 | Mon Sep 8, 2008 3:23am EDT

Sept 8 (Reuters) - Nasdaq OMX Group Inc (NDAQ.O) has received approval from UK's Financial Services Authority to operate a pan-European trading venue, it said in a statement.

Trading on Nasdaq OMX Europe, which will be the first so-called multilateral trading facility (MTF) to offer order routing based on the best bid/offer in Europe, will commence on Sept. 26.

Nasdaq OMX Europe will start by trading 25 of the UK FTSE 100 stocks. The remainder of the nearly 600 European securities will be added by the end of October, the company said in a statement. (Reporting by Sweta Singh in Bangalore, editing by Will Waterman)

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