SuperMontage Europe in Limbo as Nasdaq Deutschland Closes

EXCHANGE TECHNOLOGIES

FRANKFURT--Five months after its launch, Nasdaq Deutschland is unraveling and the fate of the SuperMontage Europe trading platform is hanging in the balance.

The supervisory board of Nasdaq Deutschland has decided to shut down the market on Aug. 29 after the venture failed to attract liquidity, a spokesperson for Nasdaq confirmed last week.

Slightly more than 300 over-the-counter (OTC) stock issues can be bought and sold via the market, and a listed market was planned for this autumn. However

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