Nasdaq OMX Plans Share Buybacks

Nasdaq OMX Group will draft a capital plan that may include share buybacks.

Nasdaq OMX Group will draft a capital plan that may include share buybacks, Reuters reports. A capital plan is expected be adopted at a board meeting early in the fourth quarter, said its CEO Robert Greifeld.

After dropping a takeover offer for rival NYSE Euronext this year, Nasdaq is seeking to return capital to shareholders. The transatlantic exchange operator has repurchased shares since early 2010.

Click here for the story from Reuters.