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 "a growth oriented market for listing corporates" 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.
