Nasdaq OMX, the US-based exchange operator, yesterday abandoned an 18-month-old quest to build a pan-European share-trading platform after stiff competition and low volumes forced it to retreat.
The move is a blow to the group as it marks the third time it has tried to build a beachhead in Europe's main share markets in more than 15 years.
Its cross-town rival, NYSE Euronext, has had a pan- European presence since the former New York Stock Exchange bought Euronext in 2007, later adding a small platform offering blue chips in markets not covered by Euronext.
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