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Nasdaq rounding out in fixed income with eSpeed

Nasdaq prepares for fixed income expansion after completing trading platform acquisition

Nasdaq OMX Group could use its acquisition of eSpeed, an electronic trading platform for US government debt, for trading in other debt securities, depending on dealer demand, according to an executive.

The eSpeed platform, which Nasdaq acquired from broker BGC Partners Monday, focuses on trades between banks that have big trading desks buying and selling the newest, most actively traded securities in $500 billion-per-day US Treasury market.

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