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.
More on this
Good for business? Use the comment form below.

blog comments powered by Disqus