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Trading firms in uproar over Nasdaq OMX’s clearing U-turn

Exchange group under fire after delaying planned reforms to its Nordic markets

Nasdaq OMX is under fire from Europe’s trading firms following its surprise decision to delay planned clearing reforms to its Nordic markets, due to go live this month.

The exchange said in March that it had decided to postpone the introduction of a choice of clearing providers - a model known as interoperability - because of ongoing regulatory uncertainty.

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