Knight/Trimark Group Inc., a wholesale stock dealer based in Jersey City, has acquired an 18.92% stake in the European Association of Securities Dealers Automated Quotation, or Easdaq, for $8.2 million.

Easdaq is a European securities exchange modeled on Nasdaq.

Kenneth Pasternak, the president and chief executive officer of Knight/Trimark, said his company looks forward to helping build Easdaq into a "world-class, next-generation" exchange.

"It has exchange status and, importantly, has a pan-European operating capability, unencumbered by relationships with legacy exchanges," he said.

Mr. Pasternak has been asked to become a member of Easdaq's board of directors.

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