SWEDEN - NASDAQ is rumoured to be interested in OMX

Rumour has it that NASDAQ is considering a bid for OMX. The bid is rumoured to be approximately SEK 23bn at a price of SEK 192 per share. The possible acquisition is in line with an increased globalisation of stock trading. A consolidated exchange platform will provide the benefit for customers to trade on different platforms for the same membership on a particular exchange. The benefits of consolidation for the exchanges are argued to be: better liquidity and transparency in the markets, more companies listed and more members of the exchanges.