Nasdaq is launching a Europe-based stock exchange next year.
The electronic screen-based service will be designed to attract Europe's high growth technology companies.
Nasdaq says the new exchange will offer investors an internet-accessible, high performance, low-cost trading platform, linked with Nasdaq markets in the US and Asia.
The London-based pan-European exchange will be launched in the last quarter of 2000.
Nasdaq chairman and chief executive officer Frank Zarb says: “Nasdaq-Europe is an important step in creating an electronic global stock market for the benefit of companies and investors around the world.”
London Stock Exchange recently launched its own technology market Techmark.