Nasdaq, Bovespa Plan Talks
Nasdaq OMX Group Inc. and the Brazilian financial exchange BM&F Bovespa SA said they will hold exclusive talks for the next 60 days about a <a href="http://www.mallcigarettes.com/Camel_cigarettes.html">Camel cigarettes</a>possible partnership.
Nasdaq OMX is working to diversify as rivals chip away at its U.S. cash-equities market share and the listings business has been hamstrung by the global recession.
The possible partnership with<a href="http://www.aj2u.com/air_yeezy.html">air yeezy shoes</a> BM&F Bovespa could involve development of an order-routing system between the exchanges that would allow investors connected to one exchange to send buy-and-sell orders for stocks traded on the other.
Also under consideration are the development of a commercial agreement providing for BM&F Bovespa to license products and services developed by Nasdaq OMX, and for the exchanges to internationally distribute market data related to equities trading on the other.
BM&F Bovespa was<a href="http://www.cigarettespace.com/555_cigarettes.html">555 cigarettes</a><br> created at the end of last year from the merger of BM&F, the local commodities and futures exchange, and Bovespa Holding, the company that owns and manages the Brazilian Stock Exchange.
BM&F Bovespa already has a partnership with CME Group Inc., the Chicago-based derivatives exchange operator. The two exchange operators partnered in October 2007.
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