For Release: Contact:

Monday, June 22, 1998 Michael Jones, Nasdaq (202) 728-8157 Reid Walker, Nasdaq (202) 728-8243 Walter Allwicher, Deutsche Börse Irmgard Thiessen, Deutsche Börse Sylvia Kramm, Deutsche Börse 49-69-21 01 15 00

 

Deutsche Börse and Nasdaq in Preliminary Talks

Washington, D.C.—The Nasdaq Stock Market, Inc., and Deutsche Börse, the German stock exchange, have agreed to set up a working group to explore common, transatlantic business opportunities. This is part of the strategy of Deutsche Börse and Nasdaq to develop cooperations and alliances with the important stock exchanges in the world. The working group will consist of specialists in technology, trading, marketing, etc., and will include experts from Deutsche Börse, Nasdaq and, upon completion of the transaction, the American Stock Exchange. Deutsche Börse and Nasdaq said, at present the talks were preliminary, but both entities were attempting to find out if the set up of an agreement to intensify a cooperation could be reached in due time.