Nasdaq OMX is planning to expand its Nordic clearing business into Europe, according to a report by the Financial Times.
Bob Greifeld, chief executive of Nasdaq OMX, said that the expansion aims to utilize its existing Nordic clearing house, which at present offers trading in Baltic and Scandinavian derivatives.
We really want our derivatives clearing capability to be European. Its important for our Nordic clearing house to become a European clearing house, said Greifeld to the FT.
Nasdaq OMX aims to have 5% of European derivatives clearing by 2010.
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