PHLX to Begin Inet Migration

In the months following the migration, the Nasdaq OMX technology team will begin rolling out several new initiatives that are designed to increase PHLX's market share, according to Nasdaq OMX officials. The global exchange operator acquired PHLX in 2007 for $652 million in cash (DWT, Nov. 12, 2007).

In addition, there will be expense reductions due to cost synergies associated with the move, says David Warren, executive vice president and CFO of Nasdaq OMX, who spoke during a recent company

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