"Nasdaq jumps into Europe
Nasdaq announced last year that it was setting up Nasdaq Europe, a pan-European electronic stock market that was to be based in London. It had been due to open in the fourth quarter of this year, but Nasdaq officials said the deal with iX fulfilled its European ambitions in one step.
In a statement released Wednesday Nasdaq said the goal of its venture with iX would be eventually to link to other Nasdaq markets round the world, creating a global, real-time trading platform, 24 hours per day.
"The markets will follow the sun for the biggest companies," said Frank Zarb, chairman of the National Association of Securities Dealers, which controls Nasdaq. Speaking at the iX news conference Wednesday, Zarb refused to set a limit on where further talks between Nasdaq and iX could go, telling journalists, "It's a blank sheet of paper.""
cnnfn.com
now if analysts don't see a relation between the upcoming global 24 hs trading, and the very bright prospects for the online broker kings like EGRP, SCH et al., and choose to focus instead on short term issues like "trading volumes were weak this week", or "net stocks have dropped, the world is coming to an end", then they all need to have their heads examined.
w-a-k-e u-p |
