FOR IMMEDIATE RELEASE
September 20, 2007
STATEMENT FROM MAYOR MICHAEL R. BLOOMBERG ON BORSE DUBAI/NASDAQ DEAL
“Today's announcement that Nasdaq is partnering with Borse Dubai to acquire the Swedish exchange OMX appears to be good news for both New York and the nation, especially because it gives our City a significant leg-up on our competitors in Europe. The deal is just the latest evidence supporting the case that our Administration has been making: that the globalization of financial markets is an inexorable force, and the future of Wall Street – and the entire U.S. economy – hinges on our ability to harness it.
“This deal will extend Nasdaq’s reach in both Europe and the growing markets of the Middle East and lead to higher regulatory standards in Dubai, which will improve the integrity of the global marketplace – greatly benefiting American investors and the world as a whole. Of course, like all such deals, this one should undergo all the appropriate scrutiny – but I hope that that discussion does not devolve in the kinds of demagogic attacks that could cost Americans jobs and threaten New York’s place as the financial capital of the world.”
Stu Loeser/ John Gallagher (212) 788-2958