Re: Is VMS losing the Financial Sector, also?

Rumours abound that NASDAQ will want be buying OMX, the operator of many scandinavian stock exchanges, and more importantly, the developer of VMS-based stock exchange software sold to many stock exchanges around the world.

With European markets having overtaken the USA ones last year, NASDAQ has been desperate to buy into a european exchange. They failed to impress LSE (London) shareholders and hoppefully they will also fail to get OMX.

One of the reasons non-USA companies have chosen european over US exchanges recently is the US Sarbanes Oxley rules which are very onerous on companies. And there are fears that a US owned exchange in Europe would eventually have to force listed companies to also abide by USA rules. (Euronext is now owned by NYSE and it remains to be seen what will happen to its business)

So, if NASDAQ gets its hands on OMX, there is no telling what will happen to the VMS software. Not long ago, I had heard on ainterview with the president of OMX who stated that the software business was very important to OMX.

However, if folks like Stallard at HP have already comvinced NASDAQ that VMS is to be retired, NASDAQ may force OMX to stop development on VMS.


Note that Deutsche Börse (sp ?) bought into the International Securities Exchange (ISE) in New York. But this is neutral to VMS since both are VMS shops.
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