Nasdaq OMX Group is a leading global exchange group that delivers trading, exchange technology, securities listing, and public company services across six continents. It is the largest electronic screen-based market place for equity securities in the US and competes with other established exchanges such as Euronext CME Group Global Markets. Nasdaq is reportedly in discussion with Osaka Securities Exchange Co. to re-enter the Japanese market. Nasdaq currently provides data for OSE-listed stocks and current discussions are centered around the idea of creating a new market that could trade stocks after-hours those listed on the Tokyo stock exchange The new exchange could reportedly open in 2012.
Nasdaq and OSE earlier had previously teamed up in 2000 to open Nasdaq Japan for emerging companies, but Nasdaq pulled out of the partnership in 2002 due to low trading volumes. Nasdaq is now looking to re-enter the Japanese market as the competition among exchanges in the US has increased. Newly opened exchanges have gained market share in the US, with BATS Global Markets, for example, becoming the third largest equity exchange at the expense of established players like Nasdaq.
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