Linklaters has become the latest firm to benefit from a complex deal that sees US exchange Nasdaq set to take charge of Nordic stock market operator OMX in a $4bn (£2bn) deal.

The magic circle law firm is advising Borse Dubai, which has brokered a deal that will see it buy OMX for $4bn, before selling it onto Nasdaq in exchange for a 20% stake in Nasdaq and the 28% share of the London Stock Exchange owned by the US exchange.