Nasdaq U.K. Derivatives System Seeks 10% Market Share, CEO Says
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Nasdaq OMX Group Inc., which is setting up a derivatives trading system in London to compete with Europe’s two biggest futures exchanges, will seek more than 10 percent market share in its first year of operation.
“Success is at least 10 percent,” Nasdaq Chief Executive Officer Robert Greifeld said in an interview in London yesterday. “We don’t have an interest in being a 3 percent or 5 percent market player. We want to come in a meaningful way.”