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Bob Greifeld Spending 'Zero Time' Thinking About Thing He 'Would Be Remiss' Not To Be Thinking About

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Sure, he guesses it might be nice to own Euronext. And sure, maybe he's got a few extra ducats to play with. But he's not stressing about it, which is good, because the soon-to-be-former New York Stock Exchange isn't exactly eager to sell its European bourses to its chief rival. He'd just like to point out that, yeah, the Nasdaq would probably do a pretty good job with the thing.

Nasdaq CEO Bob Greifeld said Wednesday that he "would be remiss" not to evaluate a deal for Euronext, which is slated to launch an initial public offering early next year as part of IntercontinentalExchange Inc.'s planned takeover of NYSE Euronext. He added that Nasdaq wouldn't try to launch a bid ahead of the IPO and it remains too early to say whether Nasdaq would pursue European exchanges being spun off from NYSE Euronext.

"We know we're a credible buyer for the asset," Mr. Greifeld said in an interview Wednesday, but Nasdaq currently is "spending essentially zero time thinking about it."

Nasdaq, however, has expressed to European regulators that Nasdaq has a strong track record when it comes to acquiring and expanding European exchanges, such as Nasdaq's tie-ups with Nordic-based markets, according to Mr. Greifeld.

Deutsche Börse may also want to buy all or part of Euronext; it's playing things a bit closer to the vest. But it's also actually buying something today.

Deutsche Boerse has bought a minority stake in London-based Global Markets Exchange, an upstart financial group seeking to launch new exchanges with a focus on derivatives.

Deutsche Boerse said it made a single digit million pound investment in GMEX, a start-up business which plans to launch low cost electronic exchanges in equities, debt, foreign exchange, derivatives and commodities….

In March GMEX applied for a licence to create the London Derivatives Exchange, a potential partner for Frankfurt-based Eurex, a derivatives platform run by Deutsche Boerse.

Nasdaq CEO Says Nasdaq Is a 'Credible Buyer' for Euronext [WSJ]
Nasdaq Third-Quarter Profit Rises 27% on Technology Sales [Bloomberg]
Deutsche Boerse buys minority stake in London's GMEX [Reuters]


Looking a little sadder than usual. Dietmar Rabich / Wikimedia Commons / “Frankfurt am Main, Skulptur -Bulle & Bär- -- 2015 -- 6763” / CC BY-SA 4.0, via Wikimedia Commons

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