Philadelphia Exchange to Adopt Inet
The platform migration should be completed sometime in 2009, according to Adam Nunes, vice president of transaction services for the U.S. and head of the Nasdaq Options Market. "Our goal is to eventually operate on the same platform," he adds.
Nasdaq OMX announced plans to acquire PHLX late last year in a $652 million cash deal (DWT, Nov. 12, 2007) and expects to complete integrating PHLX into its operations by 2009, according to officials. In addition, Nasdaq OMX expects to realize an estimated
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