NASDAQ OMX Selected as Trading Technology Partner for the New Zealand Market - NZX
STOCKHOLM, SWEDEN--(Korea Newswire) May 4, 2012 -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has been selected as technology partner for the New Zealand market (NZX). NASDAQ OMX will deliver its widely deployed X-stream technology to power NZX's trading platform. The new platform will handle trading of equities and derivatives securities and is scheduled to be rolled out at the end Q3 or early Q4 of 2012. NASDAQ OMX was selected in competition with a number of global exchange technology providers.
Mark Weldon, CEO of NZX, said: “The NASDAQ OMX trading platform and connectivity suite will set the NZX business and its markets up for all foreseeable competitive situations and allow significant innovation in terms of market design and market offerings. I am confident that this platform will be a substantial contributor to organisational performance over the next five years, and is the final piece in NZX”s infrastructure puzzle, laying on top of the new Clearing House implemented in 2010."
Lars Ottersgard, Senior Vice President at NASDAQ OMX Market Technology commented: “This is a very exciting opportunity for us and we look forward to supporting NZX in bringing to its market one of the most sophisticated and widely deployed trading technologies available. Cutting edge technology continues to be a key driver in creating efficient and fluent capital markets and with an X-stream powered platform in place NZX will be in a strong position to grow volumes and attract new investors.”
X-stream is a multi-asset trading system that complies with international standards and is capable of handling equities, derivatives, commodities, ETFs and a range of other instruments on one single platform. NASDAQ OMX's X-stream technology is deployed in 22 markets worldwide.
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
NZX is an integrated information, markets and infrastructure company. NZX's strategy is building and growing markets, with expertise applied across the securities, energy and agri-business sectors. NZX operates the securities, derivatives and energy markets in New Zealand, builds and maintains the infrastructure on which they operate, and provides a range of information and data that supports market growth and development on a global scale. NZX owns a suite of securities information businesses, exchange traded fund provider Smartshares, and is a 50% owner of share registry Link Market Services.
To learn more, visit www.nzxgroup.com
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX‘s products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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