The London Stock Exchange and Deutsche Börse are circling the remains of Nasdaq Europe, after shareholders voted to close the failed pan-European exchange.

The closure will be wrapped up by January 5 next year. It is part of a strategic review by the exchange's US parent, which has seen its share price halve over the past year and income fall 90% in the first quarter. It is also closing the Bulletin Board Exchange, its liquidity tracker, its order management system Nasdaq Tools, and NQLX, its joint venture with the London International Financial Futures Exchange (Liffe).