Nasdaq Has No Plans to Float Securities: Report

Nasdaq has no plans to float securities, but the electronic stock market is continuing talks with various European exchanges in hopes of creating a 24-hour global marketplace.

"At this time we have no intention to seek a stock market listing,'' a Nasdaq official told a French newspaper. "Soon Nasdaq will have a new board of governors that will decide on its strategy and on its funding needs."

The Nasdaq has reportedly been in discussions with Paris, Frankfurt and London, for cooperation to gain a global presence. The official said the Nasdaq has been talking a lot with the London exchange. Recent reports have also said Nasdaq is in discussions with the Easdaq, a pan-European exchange based in Brussels, but the official didn't comment on the reports.