GENEVA (Reuters) - Nasdaq, the world's second-largest stock market, won its case Tuesday against a Canadian-based group that registered four Internet domain names containing the word "Nasdaq."
The Toronto-based "Green Angel" group appeared to have used the Nasdaq domain names to boost sales of books and advertising on its Web site, according to the ruling by the World Intellectual Property Organization.
Michael Swinson, the Australian arbitrator named by the U.N. agency, ordered that the four contested domain names -- nasdaqstockexchanges.com, nasdaqstockmarket.com, nasdaqamexstockexchange.com and nasdaqexchanges.com be transferred to Nasdaq. The parties have 10 days to appeal.
The electronic screen-based market already has the site nasdaq.com, the world's second most popular financial Web site with about 50 million "hits" a day, according to WIPO.
It has held U.S. trademarks containing the word "Nasdaq" since 1970 and registered nasdaq.com as a domain name in 1993.
News source: reuters.com