Nasdaq announces close’ tie-up with Infy

FEB 6: Addressing a press conference here, Nasdaq Vice-Chairman Alfred R Berkely III said: "We want to have a close relationship with...

FEB 6: Addressing a press conference here, Nasdaq Vice-Chairman Alfred R Berkely III said: "We want to have a close relationship with Infosys and to offer various investor-friendly services to the software company".

He, however, said there were no business plans such as developing a software for Nasdaq by Infosys.

Berkely who is in India on an 18-day visit will be meeting various potential companies to be listed on Nasdaq and also the various policy-makers and market participants.

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Last week he was in Delhi. This week he is in Mumbai and from here he is going to Bangalore, Hyderabad and Chennai.

In India, Berkley is looking at a large number of growth-oriented companies getting listed on Nasdaq in the next few years but he declined to give the number.

On Nasdaq’s plans in the global markets, he said, "We want to build capacity for increasing the trading volume on the exchange and as part of this has already invested $300 million and plans to invest more".

In addition, the exchange is looking for a global vision by having trading facilities across the world. Under this, Nasdaq Japan has already been set up and shortly US-based companies from other parts of the world would be traded on it.

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It also has a dual tie-up with the Hong Kong Stock Exchange for information sharing and giving the stock quotes of the exchanges on each other’s websites.

On similar tie-ups with Indian stock exchanges, Berkely said: "We would look into this based on the model adopted by Nasdaq with stock exchanges elsewhere."