NASDAQ OMX Group announced the acquisition of 25% of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1% of the remaining shares and secure a majority stake in TOM. The acquisition is subject to regulatory approval. The acquisition will not have a material effect on the results or the financial position of the NASDAQ OMX Group.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?