The Nasdaq (NASDAQ: NDAQ) Stock Market's revenues grew 50% in 2007 while its net earnings grew at about half that pace. Nasdaq matched 29.7% of all equity-trading volume.
The WSJ.com reported today [subscription required] that "on Sept. 20, Nasdaq and Borse Dubai settled a long battle for OMX in a deal that would eventually give Borse Dubai a 19.9% stake in Nasdaq."
Nasdaq has a few other catalysts coming up:
- Securities and Exchange Commission approval on its exchange application to trade options
- Completion of its acquisition of the Boston Stock Exchange and the
- Closing of an acquisition of the Philadelphia Stock Exchange
Zack Miller is the Managing Editor of IsraelNewsletter.com and a former equity analyst for a leading multinational hedge fund.
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