News Release

Deutsche Börse and Nasdaq in Preliminary Talks

For Release: 
Monday, June 22, 1998
Contact(s): 

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

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.