Nasdaq’s Deal for Sweden’s Cinnober Gets U.K. Antitrust Review

Nasdaq Inc.'s proposed purchase of Swedish financial technology company Cinnober Financial Technology AB has drawn initial scrutiny from the U.K.'s antitrust watchdog.

The investigation by the Competition and Markets Authority (CMA) is preliminary, and might not result in any regulation of the merger. CMA announcedon Nov. 23 that it has opened an investigation and launched a comment period through Dec. 7 into whether the proposed deal poses competitive risks in the U.K. The London Metals Exchange (LME) is among the Cinnober’s services platform clients for trading and clearing.

Nasdaq announced on Sept. 14 that it had made a $190 ...