Nasdaq to do battle with Deutsche Börse

Nasdaq, the US exchange operator, is taking a 50% stake in Nasdaq Deutschland, the new name for the merged Berlin and Bremen exchanges backed by Dresdner Bank and Commerzbank.

The consortium backing the merger is promising &quota growth oriented market for listing corporates&quot which will compete with the scandal-struck Deutsche Börse-operated Neuer Markt. Nasdaq Deutschland is targeting private investors who may still bear the scars of plunging markets.

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