This would happen if – and that’s a notable if – Nasdaq OMX was able to complete the $42.50 a share offer it made in conjunction with InterContinental Exchange earlier Friday morning for NYSE Euronext.
That bid is intended to break up the Feb. 14 merger announcment made by Deutsche Borse and NYSE Euronext.
NYSE Technologies' data center in Mahwah, N.J.
Nasdaq OMX and NYSE Euronext compete worldwide in pushing advanced exchange operating technology. Nasdaq OMX markets Genium INET technology, a derivative of INET technology acquired in 2005 from Instinet, the electronic trading pioneer. NYSE Euronext, through its NYSE Technologies unit, markets the Universal Trading Platform and the Secure Financial Transaction Infrastructure that links different exchanges together.
Nasdaq OMX CEO Robert Greifeld and senior Nasdaq executives Thursday noted that the combined technology operations that support Nasdaq and NYSE’s operations would be streamlined in the event the merger was accomplished.
That in turn would mean either a data center in Mahwah, N.J., or Basildon, England, would be marked for closure.
Which one would be closed would be determined only after the merger was achieved.
NYSE Euronext in the last two years spent approximately $1 billion erecting the two state-of-the-art facilities.
These replace prior NYSE exchange trading facilities. Now, for instance, trades achieved on the floor of the New York Stock Exchange’s actually get matched and executed in Mahwah.
This story originally appeared on Securities Technology Monitor.
Tom Steinert-Threlkeld is the editor-in-chief of Securities Technology Monitor.
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