Thursday, February 18, 2010

Nasdaq OMX Majority Owner Agora-X

Nasdaq OMX Controls Agora-X

Nasdaq OMX is now the majority owner of Agora-X, the electronic commodities market based in Kansas City.

While the terms of the deal weren't revealed, after it was through Nasdaq OMX had its stake in Agora-X rise from 20 percent to 85 percent.

The founder of Agora-X, FCStone Group, still has a 15 percent ownership, but that fell from the 80 percent they previously owned.

Agora-X caters to over the counter commodity trades, as distinguished from the exchange-traded commodities at the Kansas City Board of Trade.

Nasdaq OMX Controls Agora-X

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