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OMX surges in advance of Nasdaq consummation

The Local Sweden
The Local Sweden - [email protected]
OMX surges in advance of Nasdaq consummation

Stockholm stock exchange owner OMX has announced revenues of 2,190 million kronor (329 million dollars) for the first half of 2007, an increase of 24 percent compared to the same period last year.

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Profit for the second quarter was 369 million kronor, up from 266 million kronor for the second quarter of 2006.

Managing director Magnus Böcker paid tribute to the planned merger with Nasdaq, which in May acquired OMX AB in a deal worth $3.7 billion.

"The combination will generate significant advantages for customers, shareholders and other stakeholders. Issuers, members, information clients, investors and customers in our technology operations will all benefit from the formation of The NASDAQ OMX Group," he wrote in the half-year report.

"I am also convinced that the combination will help solidify and strengthen the position of the financial markets in the Nordic countries," said Böcker.

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