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Euro partners eye Nasdaq?
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April 24, 2000: 5:10 a.m. ET
Reports: London, Frankfurt stock exchanges may include U.S. partner
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LONDON (CNNfn) - The planned merger between the London Stock Exchange and Frankfurt's Deutsche Boerse could involve a link with the Nasdaq Stock Market, according to reports published Monday.
The two European exchanges said last week that they were examining merger proposals after more than two years of talks, against a background of rapid consolidation among European stock markets facing competition from electronic-based rivals.
Inclusion of the Nasdaq as an alliance partner would represent a major step towards the globalization of equity trading. It is unclear whether a link with the LSE and Frankfurt would change Nasdaq's plans to launch its own London-based pan-European exchange by the end of the year.
 Nasdaq already has a presence in Europe through the Brussels-based electronic exchange Easdaq, but it is seen as a disappointment as listings have fallen well below expectations.
The National Association of Security Dealers, Nasdaq's parent, has teamed up with Japanese Internet investor Softbank, the epartners fund controlled by News Corp. and Viventures, a venture capital firm controlled by French utility Vivendi (PEX), to develop the planned new European exchange.
However, it is targeting the same tier of growth stocks which a merged LSE-Deutsche Boerse aims to tap. The tech index will be based in Frankfurt while London will host new pan-European blue-chip index.
Nasdaq officials were unavailable for comment early Monday. 
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