Exchange plans price cut
Will ask for one-minute trading halt on Friday
The Nasdaq Stock Market has completed its acquisition of the electronic exchange Brut LLC from SunGard Data Systems Inc. for US$190 million in cash. The Brut acquisition accelerates Nasdaq’s growth initiatives and enhances its competitive position, the exchange said, noting that it will increase liquidity, execution quality and the depth of market information. Effective Sept. […]
Cost controls compensate for drop in trading revenues
Will improve transparency and accuracy, Nasdaq says
Electronic exchange captured 70% of IPOs in first six months of year
Acquisition provides lower-cost and more efficient trading environment
Nasdaq Composite Index options begin trading today
Consolidated system capable of trading 6,679 U.S. stocks
Reduced fees effective January 2