NASDAQ OMX Plans Pan-European Trading Platform

Newly formed NASDAQ OMX has a pan-European stock market trading platform on the drawing board. 

The Pan European Market would provide a cross-border trading network for Europe’s 300 most actively traded blue chip shares.

A launch date is expected to fall in September, but the NASDAQ OMX Pan European Market must first be approved by Britain’s Financial Services Authority.

NASDAQ Stock Market Inc. and Borse Dubai battled it out last year in a takeover bid for the Nordic stock exchange operator OMX which resulted in a joint US$4.9 billion deal.