News, analysis and personal reflections on the markets & the financial sector

Saturday, September 27, 2008

NASDAQ OMX Europe Begins Trading

NASDAQ OMX Europe has commenced trading just six months after announcing its intent to launch a multilateral trading facility (MTF). Trading has begun in 25 FTSE 100 stocks and this will be followed by a staggered roll-out of approximately 600 European securities, to be completed by the end of October.

In connection to the NASDAQ OMX Europe launch, the NASDAQ OMX Europe Index has been introduced. The NASDAQ OMX Europe Index will be a market capitalized weighted index designed to track the companies traded on the NASDAQ OMX Europe marketplace. The NASDAQ OMX Europe Index will be calculated in Euros and disseminated every 15 seconds.

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