For These Two, Buybacks Are Good Business


David Fried Image David Fried Editor, The Buyback Letter

NYSE Euronext pursuer Nasdaq OMX has been sweet on its own shares in a big way, writes David Fried of The Buyback Letter.

Nasdaq OMX Group (NDAQ) is the world's largest exchange company. It delivers trading, exchange technology, and public company services across six continents, with some 3,600 listed companies.

Although the stock has been weak recently in the wake of Nasdaq's hostile bid for rival NYSE Euronext (NYX), Nasdaq OMX has also shown a prodigious appetite for its own equity-the company has reduced its shares outstanding by a whopping 16.7% in the last 12 months.

NASDAQ OMX offers multiple capital-raising solutions to companies around the globe, including its US listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the US 144A sector.

The company offers trading across multiple asset classes, including equities, derivatives, debt, commodities, structured products, and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations, and central securities depositories in more than 50 countries.

The company was formerly known as The Nasdaq Stock Market, Inc. and changed its name to The NASDAQ OMX Group, Inc. in February 2008. The NASDAQ OMX Group, Inc. was founded in 1971 and is based in New York, New York.

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