Reuters – Nasdaq Buys eSpeed for $750M
Nasdaq OMX Group Inc. agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners Inc. for $750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets, Reuters reported. The deal gives Nasdaq more exposure to fixed income markets, fitting into the company's strategy of expanding in asset classes beyond stock trading, where volumes have been depressed for years.
2 April 2013•4 mins read
