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At 10 years, still a global exchange company (and now tech titan)

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How Nasdaq and OMX combined and reshaped the exchange landscape

When Nasdaq and OMX announced the close of the acquisition in February 2008, the financial world was a completely difference place. There was no sight of regulations such as Dodd-Frank or MiFID II. Lehman Brothers was still operating and financial technologies like blockchain were completely unheard of.

When the deal closed in 2008, the newly formed company, called The NASDAQ OMX Group, was considered the world's largest exchange company — and, more tellingly, was one of the last major cross-border exchange combinations.

Recently commenting to the Swedish financial daily "Dagens Industri," Nasdaq president and CEO Adena Friedman, who led Nasdaq's M&A strategy at the time, said, "There were several attractive aspects of the Nordic financial ecosystem. For example, a strong equity culture, self-regulation as a complement to regulations, a strong foundation for entrepreneurship and great stock market interest among institutions and pension companies."


Source :- cnbc
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