Dealbreaker’s Jon Shazar writes: Its dreamed-for high-frequency trading
empire in ruins, Nasdaq is turning elsewhere.
The exchange plans to create a new software unit that combines its
market technology and issuer-services businesses, putting chief information
officer Anna Ewing in charge. Nasdaq things the new arrangement will earn it an
extra $500 million a year in revenue.
Plus, you know, it just makes sense.
“We have two software businesses and they should be together
and have a comprehensive, strategic rationale,” Nasdaq OMX Chief Executive
Robert Greifeld said in an interview…..
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