Nasdaq buys stake in Amsterdam options exchange TOM
American stock exchange group Nasdaq is taking a stake in TOM, the Amsterdam Dutch derivatives exchange set up by BinckBank and Optiver.
Nasdaq OMX is taking a 25% stake in TOM (The Order Machine) with an option to increase that to majority shareholding, the Financieele Dagblad reports. Financial details were not disclosed.
TOM is seen as a major competitor to the Amsterdam Optiebeurs, owned by NYSE Euronext. TOM currently only offers options in Amsterdam-listed companies. ‘This deal will boost our reputation abroad,’ TOM director Willem Meijer is quoted as saying.
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