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New York-based NASDAQ would take the stock exchanges and the American options business.
After enduring years of dwindling sales, the company said on Monday that it was exploring "strategic options" — business code for searching for a savior.
Since then, competition for options business has grown ever more steep -- but the competition has taken the form of paying brokers for order flow.
The Philadelphia Stock Exchange, in another sign of declining profitability of Wall Street trading, canceled a rebate program today that had helped the exchange compete for options business.
The investment bank UBS said it planned to acquire the global futures and options business of the financial services company ABN Amro for $386 million.
The Nasdaq Stock Market confirmed yesterday that it would acquire the Philadelphia Stock Exchange for $652 million to expand its presence in the fast-growing equity options business.
Similar(29)
NYSE Euronext said it would sell its pan-European single equity derivatives units, except the options businesses in its home markets.
The new concessions echo a similar move in November when NYSE Euronext said it would sell its pan-European single-equity derivatives units, but not the options businesses in its home markets.
Other studies [14, 15] find that the influence of transportation cannot be studied without considering the options businesses have selected in their relations with other actors in systems of production.
At that time, the beauty of the option business was just beginning to dawn on the auto industry.
Microsoft, an icon of the technology world, was a leader in creating the stock-option business culture that is still popular among hundreds of companies in Silicon Valley and elsewhere.
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