NASDAQ Building Relationships in China (revised) - Analyst Blog
19 Ottobre 2012 - 2:24PM
Zacks
Expanding its presence in Taiwan, NASDAQ OMX Group
Inc. (NDAQ) recently announced a Memorandum of
Understanding (MoU) with Dalian Commodity Exchange (DCE), in
Dalian, China. The MoU follows the establishment of the
collaboration in order to look for enhanced business opportunities
in the region.
Founded in 1993, DCE is the only futures exchange in Northeast
China, while it ranked 15th among the leading global derivative
exchanges in 2011. It is also one of the four exchanges under the
supervision and administration of the China Securities Regulatory
Commission.
Meanwhile, both NASDAQ and DCE’s decision to join forces is based
on improving the technological initiatives in the region. This
strategic alliance will also pave way for new innovative techniques
to provide greater investment opportunities in these exchanges.
Additionally, both the exchanges aim to enhance the scope of
exchange business by strengthening the price risk tools along with
sharing information as well as upgrading technology and consulting
services for mutual benefits. These efforts will help NASDAQ
improve its operating leverage and create new revenue sources in
the long run.
NASDAQ has been vigorously focusing on expanding its business
profile through expansion into international markets in an attempt
to counter the competitive forces and gain dynamism. The company’s
strategic efforts to enhance fraying market position are also
crucial since the recent reforms in the US has led arch-rivals in
the derivatives space such as NYSE Euronext Inc.
(NYX) and CME Group Inc. (CME) to seek greener
pastures in the emerging and rapidly developing economies. This
leaves no reason for NASDAQ to lag behind the market moves.
However, this is not the first time that NASDAQ has looked to gain
a strong foothold in international markets. Lately, the
company purchased NOS Clearing ASA and disclosed its plan to build
a new interest rate derivative trading platform in London – known
as NLX – by early 2013, thereby expanding its presence in the
European markets. NASDAQ also has a fair presence in the Middle
East through its collaboration with the Dubai bourse.
NASDAQ carries a Zacks Rank #3 that implies a short-term Hold
rating, while the long-term recommendation stands at Neutral.
(We are reissuing this article to correct a mistake. The
original article, issued Wednesday, October 17, 2012, is no longer
to be relied upon.)
CME GROUP INC (CME): Free Stock Analysis Report
NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report
NYSE EURONEXT (NYX): Free Stock Analysis Report
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