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Wednesday, March 18, 2015

NASDAQ chief sees "natural partnership" with HKEx in derivatives link-up, (NMS: NDAQ)

Securities exchange operator NASDAQ OMX Group Inc is a "natural partner" for its Hong Kong counterpart should the latter pursue a derivatives link-up with other exchanges, NASDAQ President Adena Friedman told Reuters on Wednesday. Hong Kong Exchanges and Clearing Ltd (HKEx) is banking on its stock connect program - which currently allows investors in mainland China to purchase Hong Kong shares and vice versa - to boost trading volumes in the financial hub.

The NASDAQ OMX Group, Inc. (NASDAQ OMX), is a holding company. Shares of NDAQ traded higher by 0.27% or $0.13/share to $50.94. In the past year, the shares have traded as low as $33.49 and as high as $51.22. On average, 935160 shares of NDAQ exchange hands on a given day and today's volume is recorded at 546863.