Swedish Government approves purchase of OMX by Nasdaq

Nasdaq Stock Market Inc.’ purchase of Nordic bourse operator OMX AB was approved by Swedish government.

Photo: Swedish Government approves purchase of OMX by Nasdaq

The Financial Markets Advisory Committee said that the deal would provide "better opportunities to keep and improve liquidity, turnover and listings in the Nordics than OMX would be able to on its own."

The Swedish government owns 6.6 percent in OMX.

The NASDAQ Stock Market, Inc. is an United States public company that owns and operates the NASDAQ stock market. It is headquartered in New York City , and its Chief Executive Officer is Robert Greifeld.

OMX AB is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc. It has two divisions, OMX Exchanges, which operates seven stock exchanges in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges. The company is a world leader in financial instruments trading systems.