NASDAQ OMX Files FSA Application for Its Pan-European Market
LONDON, April 17, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) announced today that it has filed its application with
the UK Financial Services Authority (FSA) for the NASDAQ OMX Pan
European Market to become a multilateral trading facility (MTF).
"We have received a very positive response to the announcement of our
Pan European Market, which will be the first trading platform to link
major European liquidity pools. Filing our FSA application is an
important step in our progression and we look forward to bringing
increased competition and a new and better trading experience to
these markets," commented Bob Greifeld, Chief Executive Officer of
The NASDAQ OMX Pan European Market will enable best execution in high
volume securities trading in a cross-border, multi-market
environment. The market, which will be the first platform to connect
European liquidity pools with Pan-European routing, is scheduled to
open in September 2008. At launch it will trade approximately 300 of
the most actively traded European blue chip shares. The NASDAQ OMX
trading platform is recognized as the fastest in the industry with
peak trading speeds of 250 microseconds. The launch of the NASDAQ OMX
Pan European Market is subject to FSA approval.
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. is the world's largest exchange company.
It delivers trading, exchange technology and public company services
across six continents, and with over 3,900 companies, it is number
one in worldwide listings among major markets. NASDAQ OMX offers
multiple capital raising solutions to companies around the globe,
including its U.S. listings market; the OMX Nordic Exchange,
including First North; and the 144A PORTAL Market. The company offers
trading across multiple asset classes including equities,
derivatives, debt, commodities, structured products and ETFs. NASDAQ
OMX technology supports the operations of over 60 exchanges, clearing
organizations and central securities depositories in more than 50
countries. OMX Nordic Exchange is not a legal entity but describes
the common offering from Nasdaq OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit www.nasdaqomx.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. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the
authorization and permissions which it seeks.
CONTACT: The NASDAQ OMX Group, Inc.
+46 (8) 405 7267