Nasdaq OMX buys stake in Dutch options market

Deal gives Nasdaq OMX one-quarter ownership in Amsterdam-based, The Order Machine

Nasdaq OMX on Monday struck a deal to acquire a stake in a Dutch stock and options trading venue, extending the group's efforts to develop its European derivatives franchise.

Owners of The Order Machine, or TOM, agreed to sell Nasdaq OMX a 25% stake in the electronic trading venue with an option to sell an additional 25.1%, alongside an agreement for Nasdaq OMX to provide technology to the venture, according to a Monday announcement.

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