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NASDAQ TAKES MAJORITY STAKE IN EASDAQ, PLANS TRADING SYSTEM

Last week Nasdaq took over ownership of Belgium-based Easdaq. The new entity will be known as Nasdaq Europe. Nasdaq has purchased a 58 percent stake in the pan-European exchange for growth stocks and has plans to introduce a new trading system, dubbed ETS (European Trading System), by the end of June. ETS, which was already being developed by Easdaq, will offer market-maker quotes capable of execution, a broker-to-broker electronic n

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