Trading in short-term interest-rate futures on Nasdaq OMX Group Inc.’s NLX European exchange is increasing, reflecting market share gains while IntercontinentalExchange Group Inc. moves Liffe onto its platform.
Nasdaq OMX Group Inc.’s Eric Noll, who oversaw the exchange’s U.S. trading business during a period when its reliability was criticized, left the company to become chief executive officer of ConvergEx Group LLC.
Ibrahim Turhan, the chief executive officer of Borsa Istanbul, said the Nasdaq OMX Group Inc. is considering buying a stake in the bourse as part of a partnership that will be announced as early as next month.
Nasdaq OMX Group Inc. halted trading for three hours yesterday to protect the integrity of markets as a technology malfunction left some investors without stock quotes, Chief Executive Officer Robert Greifeld said in his first public remarks since the incident.
Computer breakdowns yesterday shook American equity trading for the second time this week, freezing thousands of stocks listed on the Nasdaq Stock Market for three hours and raising fresh concerns about the fragility of exchanges.