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The Nasdaq exchange is reportedly looking at launching a rival bid for NYSE Euronext rather than see it merge with Germany’s Deutsche Boerse.
Sources have told the Wall Street Journal and Reuters that Nasdaq is exploring options that include teaming up with a partner perhaps the Chicago Mercantile Exchange or commodities trader IntercontinentalExchange (ICE).
Nasdaq may also consider putting itself up for sale or buying another competitor.
Nasdaq has found itself to be the odd-man out in a series of exchange-operator deals in recent months.
Pressure is mounting on global bourses to seek partnerships to counter the threat from bigger rivals and alternative trading platforms as well as to cut costs.
In recent weeks, Deutsche Boerse agreed to buy NYSE, the London Stock Exchange Group announced a deal to take over Canadian stock market operator TMX Group, and BATS Global Markets said it will buy peer Chi-X Europe. Last October, Singapore Exchange agreed to buy Australia’s ASX.
It is not clear where Nasdaq’s efforts will lead, one source told Reuters. Indeed, officials at both ICE and CME have been cautious about potential deals.