Congressman Vito Fossella (R-NY13), who serves as Chairman of the “Capital Markets, Economic and Information Security” Task Force under the House Republican Policy Committee, today released the following statement on Nasdaq’s announcement of its deal with the Borse Dubai to acquire OMX:
Fossella said, “Like any deal involving a foreign government, this matter should be thoroughly scrutinized to assess potential national security issues. I am pleased that Nasdaq has agreed to submit voluntarily to the CFIUS review process, which should provide greater insight into possible security implications.
“The Nasdaq’s announcement is a signal of the constantly evolving and ever-globalizing nature of the financial markets. Our financial markets must continue evolving to enhance our ability to compete internationally – a goal that is good for New York and good for America. They must seize new opportunities that will allow the United States to remain a global financial leader and the market of choice for capital seekers. I believe we’re going to see further consolidation among exchanges over the next few years. The United States must continue to operate from position of strength.”
