OMX is in discussions to become the sole technology provider for Project Turquoise, a new equities trading platform supported by leading investment banks, reports The Daily Telegraph.
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The paper says a technology deal is set to be announced next month. OMX, a Nordic and Baltic market operator, is set to be taken over by US exchange Nasdaq.
This means Nasdaq will get a chance to directly take on the London Stock Exchange and other major European markets.
Nasdaq previously tried to take over the London Stock Exchange, and it currently holds a 30% stake in the London Stock Exchange.
Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley and UBS are the seven investment banks behind Project Turquoise.
Telegraph: Turquoise seven look for technology partner >>
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