The Nasdaq OMX Group Inc. (Nasdaq: NDAQ) is buying ESpeed, a provider of electronic trading technology for the global capital markets, for $750 million.

Once the deal is complete, the ESpeed service will be a part of Nasdaq’s transaction services business, which offers marketplaces in equities, derivatives, exchange traded products and commodities.

New York-based BGC Partners Inc. (Nasdaq: BGCP), a brokerage company that services financial and real estate markets, owns ESpeed, which operates a central limit order book for electronic trading of U.S. treasuries.

Deutsche Bank is Nasdaq’s financial adviser.

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