digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

The NASDAQ OMX Group, Inc.
Type Public
Traded as NASDAQNDAQ
S&P 500 Component
Industry Financial services
Founded 1971 (1971)
Headquarters One Liberty Plaza
New York City, New York, The USA
Area served United States, Europe
Key people Donald Edward (Chairman)
Robert Greifeld (CEO)
Products Derivatives, equity trading platforms, futures and options markets, market data, securities exchanges, financial technology and related services
Revenue Increase US$ 3.438 billion (2011)[1]
Operating income Increase US$ 0678 million (2011)[1]
Net income Decrease US$ 0387 million (2011)[1]
Total assets Decrease US$ 14.09 billion (2011)[1]
Total equity Increase US$ 4.976 billion (2011)[1]
Employees 2,503 (2012)[1]
Subsidiaries NASDAQ, OMX
Website NASDAQOMX.com

The NASDAQ OMX Group, Inc. is an American multinational financial services corporation that owns and operates the NASDAQ stock market and eight European stock exchanges in the Nordic and Baltic regions, including Armenian Stock Exchange, Copenhagen Stock Exchange, Helsinki Stock Exchange, Iceland Stock Exchange, Riga Stock Exchange, Stockholm Stock Exchange, Tallinn Stock Exchange, and Vilnius Stock Exchange grouped under the NASDAQ OMX banner. It is headquartered in New York City, and its president and chief executive officer is Robert Greifeld.

History[edit]

Merger attempt with London Stock Exchange[edit]

In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory." It then received a bid in March 2006 for £2.4 billion from NASDAQ(national association of securities dealers of automated quotations), which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.[2] NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.[3] The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext, owner of the New York Stock Exchange.[4]

Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected [5] on February 10, 2007.

Boston and Philadelphia Exchanges purchase[edit]

On October 2, 2007, NASDAQ purchased the Boston Stock Exchange. On November 7, NASDAQ announced an agreement to purchase the Philadelphia Stock Exchange.

OMX purchase[edit]

On May 25, 2007, NASDAQ agreed to buy the Swedish-Finnish financial company that controls 7 Nordic and Baltic stock exchanges OMX for USD 3.7 billion to form NASDAQ OMX Group.[6] As of February 27, 2008, the deal was completed.

Sustainable Stock Exchanges initiative[edit]

On June 18, 2012, NASDAQ became a founding member of the United Nations Sustainable Stock Exchanges initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20).[7]

Acquisition of Thomson Reuters businesses[edit]

On December 12, 2012, NASDAQ OMX announced that it would acquire Thomson Reuters' investor relations, public relations and multimedia businesses for $390 million in cash.[8] NASDAQ OMX completed the purchase on June 3, 2013.[9]

Additional Services[edit]

Global Information Services[edit]

In January 2013, NASDAQ OMX announced that it would combine its global data products and index businesses into a unit called Global Information Services, as part of an ongoing effort to broaden its portfolio.[10]

Directors Desk | DirectorsDesk.com[edit]

On June 29, 2007, NASDAQ entered into an agreement to acquire DirectorsDesk.com, a management suite for Boards of Directors.[11]

GlobeNewswire[edit]

GlobeNewswire (previously PrimeNewswire) provides press release, editing and wire services. It was founded in 1998 and acquired by NASDAQ OMX in 2006.[12]

SMARTS Group[edit]

On July 27, 2010, NASDAQ OMX Group, Inc. has signed an agreement to acquire SMARTS Group, the world-leading technology provider of market surveillance solutions to exchanges, regulators and brokers.[13]

Carpenter Moore[edit]

NASDAQ OMX sold its stake in the Carpenter Moore D&O Insurance in 2009.

References[edit]

  1. ^ a b c d e f "Annual Results 2011". NASDAQ OMX Group, Inc. Retrieved 27 February 2011. 
  2. ^ Patrick, M.; Lucchetti, A.; Reilly, D.; Taylor, E. (2006-04-11). "Nasdaq Acquires 15% of LSE". The Wall Street Journal. 
  3. ^ "Scottish Widows says has sold 2.7 mln LSE shares at 1,175 pence". Forbes. 2006-04-12. 
  4. ^ Ortega, E. (2006-04-11). "Nasdaq Buys 15 Percent Stake in LSE for $782 Million". Bloomberg News. 
  5. ^ "LSE woos Tokyo after US bid fails". BBC News. 2007-02-11. 
  6. ^ "Nasdaq to buy Nordic bourse group OMX for $3.7 bln". Reuters. 2007-05-25. 
  7. ^ "Sustainable Stock Exchanges Initiative: Exchanges listing over 4,600 companies commit to promoting sustainability". Sustainable Stock Exchanges initiative. Reuters. Retrieved 13 May 2014. 
  8. ^ "Nasdaq OMX buys Thomson Reuters units". Financial Times. 2012-12-12. Retrieved 2013-01-30. 
  9. ^ "Nasdaq buys 3 businesses from Thomson Reuters". Bloomberg Businessweek. 2013-06-03. Retrieved 2013-06-06. 
  10. ^ "Nasdaq OMX continues streamlining efforts", Financial Times, January 29, 2013. Retrieved January 30, 2013.
  11. ^ "Nasdaq to acquire Directors Desk, a Technology Company for Corporate Boards". primenewswire.com. 2007-06-29. 
  12. ^ "Overview". NASDAQ OMX GlobeNewswire Overview. GlobeNewswire, Inc. Retrieved 4 September 2012. 
  13. ^ "NASDAQ OMX to acquire world-leading market surveillance system provider SMARTS". 2010-07-27. 

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/NASDAQ_OMX_Group — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
9170 videos foundNext > 

Post-trade in context | Nasdaq OMX Group

Frank Hatheway, the Chief Economist at Nasdaq OMX Group, gave his views on 'Post-trade in context: how will wider economic trends affect the industry? at Mar...

NASDAQ OMX Group to Repurchase $497M of Own Stock; Shares Trading Higher

Shares of NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) rose 6.8% earlier Thursday after company officials announced that the firm plans to repurchase $497 million wo...

Hans Ole Jochumsen of the Nasdaq OMX Group Inc. - Hub Culture Interview Davos 2013

Hans Ole Jochumsen, President of the Nasdaq OMX Group Inc, speaks with Hub Culture Executive Editor Edie Lush at the Hub Culture Davos Pavilion during the 20...

NASDAQ OMX Group Announces $300M Share Repurchase Program

The NASDAQ OMX Group (NASDAQ:NDAQ), announced that its Board of Directors has approved a share repurchase program, authorizing NASDAQ OMX to repurchase in th...

NASDAQ OMX Group Halted

NASDAQ OMX Group (NDAQ) shares are halted and slated to trade again at 230 PM ET. NDAQ and IntercontinentalExchange (ICE) said they will start an exchange of...

Spotlight - Nasdaq-OMX Group - Bloomberg

Live! From Sandler O'Neill Global Exchange & Electronic Trading Conference in New York, NY: Interview with Nasdaq-OMX CEO Robert Griefeld (Bloomberg News)

NASDAQ PSMI Bell Official © 2012, The NASDAQ OMX Group, Inc.

Official Bell Ringing video for Peregrine Semiconductor (PSMI) © 2012, The NASDAQ OMX Group, Inc.

NASDAQ OMX Manages over 1 Petabyte of Data with the Microsoft Platform

NASDAQ OMX Group is a leading global provider of financial trading services, exchange technology, and market insight. Every year, it adds 500 terabytes (TB) ...

Earnings Report: Nasdaq OMX Group, Inc. Reports 40% Boost in Q2 Net Income (NDAQ)

Nasdaq OMX Group, Inc. (NASDAQ:NDAQ) reported a 40% increase in Q2 net income before the opening bell Tuesday morning, as well as profit of $96 million, or $...

Moody's Lowers Its Outlook On Nasdaq OMX Group To Negative

Moody's Investors Service lowered its outlook on the Nasdaq OMX Group (NASDAQ:NDAQ) after the tech-laden exchange announced a joint bid together with the Int...

9170 videos foundNext > 

12574 news items

Wall Street Journal

TheStreet.com
Fri, 24 Oct 2014 10:37:30 -0700

The following NASDAQ OMX Group (NDAQ) conference call took place on October 24, 2014, 08:00 AM ET. This is a transcript of that earnings call: Company Participants. Ed Ditmire; NASDAQ OMX Group; VP - IR; Bob Greifeld; NASDAQ OMX Group; CEO ...

Forbes

Forbes
Wed, 22 Oct 2014 08:00:00 -0700

Wall Street is high on Nasdaq OMX Group, expecting it to report earnings that are up 6% from a year ago when it reports its third-quarter earnings on Friday, October 24, 2014. The consensus estimate is 70 cents per share, up from earnings of 66 cents ...
 
Nasdaq
Fri, 24 Oct 2014 04:11:58 -0700

(RTTNews.com) - Nasdaq OMX Group Inc. ( NDAQ ) will host a conference call at 8:00 AM ET on October 24, 2014, to discuss its Q3 14 earnings results. To access the live webcast, log on at http://ir.nasdaqomx.com/events.cfm. To hear the live call, dial ...

Reuters

Seeking Alpha (registration)
Fri, 24 Oct 2014 11:00:00 -0700

Good day, ladies and gentlemen, and welcome to The NASDAQ OMX third quarter 2014 results conference call. (Operator Instructions) I would now turn the call over to your host, Ed Ditmire, Vice President of Investor Relations. Please go ahead. Edward ...
 
Mideast Time
Wed, 22 Oct 2014 08:22:30 -0700

NASDAQ OMX Group logo Shares of NASDAQ OMX Group (NASDAQ:NDAQ) have been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the stock, ARN reports. Five equities research analysts have rated the ...
 
sleekmoney
Thu, 23 Oct 2014 01:15:00 -0700

NASDAQ OMX Group logo NASDAQ OMX Group (NASDAQ:NDAQ) will be announcing its Q314 earnings results on Friday, October 24th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $510.60 million for the quarter.
 
Intercooler
Fri, 24 Oct 2014 08:11:15 -0700

NASDAQ OMX Group logo NASDAQ OMX Group (NASDAQ:NDAQ) posted its quarterly earnings results on Friday. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.02, American Banking ...
 
WKRB News
Mon, 20 Oct 2014 07:15:00 -0700

NASDAQ OMX Group logo NASDAQ OMX Group (NASDAQ:NDAQ) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Stock Ratings News reports. Five research analysts have rated the stock with a ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!