Nasdaq OMX Launches Global Market Services Business
This move will allow Nasdaq to expand globally by building out its capabilities within its cash and derivatives businesses within equities, as well as fixed income, currencies and commodities, according to the exchange operator.
"As markets have become increasingly global in asset classes like fixed income, currency and commodities and in the over the counter (OTC) clearing space, we believe it is an opportune time to structure our transaction business in such a way that takes advantage of these opportunities," says Bob Greifeld, chief executive officer of NASDAQ OMX.
Hans-Ole Jochumsen, executive vice president, has been appointed to lead the global unit, reporting directly to CEO Bob Greifeld.
"We've successfully integrated trading and clearing of our entire asset classes at all our Nordic and Baltic exchanges to one technology platform to allow true multi-asset trading and clearing," says Jochumsen, who previously oversaw NASDAQ OMX's Transaction Services Nordic business.
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