| From Financial News: Nasdaq OMX may miss out on a crucial foothold in the emerging Indian market after the Bombay Stock Exchange hinted it may cancel a strategic deal with the transatlantic exchange and start working with a rival.
Nasdaq OMX signed an agreement in January this year to develop for the Indian market a new trading and clearing platform for derivatives and cash securities. But Jagdish Capoor, the chairman of the BSE, said today the exchange is considering walking away from the deal, citing his concerns over the timing of the delivery and the technical specifications of the OMX platform..... Full Article: Source
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