Nasdaq buys into European market

The Nasdaq yesterday acquired a majority stake in its European counterpart Easdaq, the struggling Brussels-based exchange for growth stocks. The stock market will spend more than $60 million (€67 million) to revamp Easdaq under the name Nasdaq Europe as well as building a new trading platform, in exchange for a 58 per cent stake. The move will give Nasdaq a base from which to compete for European order flow.