• Most Popular
  • Most Shared

UPDATE 1-Nasdaq CEO sees more exchange consolidation ahead

Tue Sep 22, 2009 2:16pm EDT

Stocks

   

* Says national concerns may slow pace of deal-making

Stocks  |  Mergers & Acquisitions  |  IPOs

* Says quality of IPOs is improving

BOSTON, Sept 22 (Reuters) - Nasdaq OMX Group Inc (NDAQ.O) Chief Executive Robert Greifeld expects consolidation among major exchanges to continue, though the desire of each country to have its own exchange may slow the process.

"It will continue, but be somewhat hampered by nationalistic concerns," Greifeld told reporters after addressing the Boston College Chief Executives' Club. "We are up there with the airlines. Every country wants one."

Nasdaq has won praise for quickly integrating recent acquisitions, including the OMX northern European market operator and options mart Philadelphia Stock Exchange. (Reporting by Svea Herbst-Bayliss, writing by Scott Malone, editing by Leslie Gevirtz)

Stocks
Mergers & Acquisitions
IPOs


More from Reuters

Photo

Honda expands airbag recall as more Toyotas probed

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis. | Video

» More Top News
A Greek flag at the Bank of Greece is seen near a statue of ancient philosopher Socrates in Athens February 5, 2010. REUTERS/Yiorgos Karahalis

Avoiding "another Greece"

Don't count on the euro zone growing anytime soon. Getting into the single-currency club will be tougher than ever.  Full Article 

Global Markets
An unknown Toyota car covered in preparation for the Chicago Auto Show, February 9, 2010. REUTERS/John Gress
SPECIAL REPORT:

What went wrong at Toyota?

An inside look at the spectacular crisis embroiling one of the world's best-known brands shows a series of unheeded warnings and a stubborn refusal to listen.  Full Article | Video 

Autos