Would it be a deal with a larger national exchange, or the Easdaq exchange in Brussels?
Right now we’re working on setting up our own exchange. Since 1989, OM has operated a subsidiary exchange in London that was started as a derivatives exchange. One of our ideas would be to expand that exchange into something much larger than it is today. Q: So, you don’t know exactly which route you will take? A: No, but we plan to publish news on it relatively soon. That’s all I can give you right now. But we think that securities exchanges will have to become much more international than they are today. Q: Well, Easdaq is expanding. Nasdaq has announced plans to set up a Nasdaq-style market in Europe. In Germany, Deutsche Börse is raising money this spring to expand. A: Yes. There are several initiatives going, but I think we are well-placed to be first, or one of the first. There isn’t room for everybody. It’s not just a matter of offering a trading facility. You need to offer a clearing and settlement facility, which is the big problem. Q: Can a European Nasdaq succeed? A: I don’t
