Additional stock exchanges are poised for launch

01/26/2010 | Financial Times (tiered subscription model)

Direct Edge is expecting to receive regulatory approval next month to become an exchange operator. This spring, the company plans to launch two stock exchanges, said Bryan Harkins, Direct Edge's head of sales and strategy. BATS Global Markets also is planning to roll out an options exchange in February, and Nasdaq OMX Group is looking to file for regulatory approval for a third stock-trading platform within one month. The companies have different reasons for launching the platforms.

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