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Nasdaq to launch European stock exchange

Nasdaq is launching a Europe-based stock exchange next year.

The electronic screen-based service will be designed to attract Europe&#39s 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.


IFAs full of jargon – watchdog report

Consumers are hard-pushed to get jargon-free independent financial advice, according to a report by consumer watchdog National Consumer Council.The report reveals the difficulty consumers face when trying to get clear information about financial products and the problems experienced when trying to make product comparisons.CC director Anna Bradley says the survey reveals why consumers seek advice […]

PPP head quits

PPP healthcare head Peter Owen is quitting the Sun Life & Provincial group.Owen was the last surviving director of Guardian Royal Exchange, which Axa Sun Life bought for £3.5bn nine months ago.Axa Sun Life insists the departure was amicable.

ASB change to accounting methods threatens pensions

The Accounting Standards Board is to make companies reveal more in their accounts about their pension schemes.The change will create greater volatility in accounts as firms have to show how the value of their occupational pension funds varies with changes in the bond and equity markets.Experts believe the reforms may fuel a movement away from […]

Royal & Sun share price rallies after profits fall

Royal & Sun Alliance has managed to talk up its share price even though profits have plunged over the past nine months.It reported a nine month profit fall to the end of September of 6.1 per cent compared to the same time last year but its share price still rose 5p – 1.2 per cent […]


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