Nasdaq OMX Plans Launch Of ETP Trading Platform

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HFA Staff
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Nasdaq OMX Group, Inc. (NASDAQ:NDAQ) has announced plans to launch a platform that will allow investors to trade exchange traded products, or ETPs. The company is in the middle of a diversification of its revenue streams right now, after the company’s first quarter suffered from its disastrous handling of the Facebook IPO, and the legal charges relating to it. The ETP trading platform will be based on the company’s PSX exchange. Nasdaq OMX Group, Inc. (NASDAQ:NDAQ) came to own that platform in 2010 after it purchased the Philadelphia Stock Exchange. The platform will be relaunched with a focus on Exchange…

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