NEW YORK, Aug. 29 (Xinhua) -- The Nasdaq OMX Group, Inc. announced Friday that it has completed its acquisition of the Boston Stock Exchange.
The new entity will be renamed Nasdaq OMX BXSM and is expected to launch in the fourth quarter of 2008, said the Nasdaq, who will use the new platform to launch a second U.S. equities market.
"2008 has been a pivotal year for the Nasdaq OMX Group given the completion of three exchange acquisitions. These have contributed to our transformation into broader asset classes and our growth across borders and new geographic regions," said Bob Greifeld, chief executive officer of Nasdaq OMX.
"The completion of the Boston Stock Exchange transaction gives us the ability to offer customers more choices in U.S. equity trading just as we have done with Nasdaq OMX PHLX and The NASDAQ Options Market," added Greifeld.
