Nasdaq delays entry into equity-clearing business

When Nasdaq OMX acquired the Boston Stock Exchange and its clearinghouse last year, the group said it would rename the clearer as Nasdaq Clearing Corp. and challenge The Depository Trust & Clearing Corp. The trans-Atlantic exchange group said recently it will "continue to explore the U.S. equity-clearing space for opportunities to bring benefits to the industry," but it is "suspending" the launch of its equity clearing because of competitive moves by DTCC.

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