NEW YORK, April 16, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it has signed a contract with the Tokyo Commodity Exchange (TOCOM) and NTT Data to provide an integrated trading and clearing system for commodity derivatives. The contract with TOCOM represents NASDAQ OMX's first technology customer in Japan and its first major technology contract win since its merger.
In December 2007 TOCOM announced their selection of NASDAQ OMX as technology provider, and NTT Data as prime contractor and system integrator for its new trading and clearing platform. Today at a contract signing ceremony in Tokyo, NASDAQ OMX signed the License Agreement with TOCOM, as well as Project and Support Agreements with NTT Data. The new system is scheduled to roll out in May of 2009.
"Our signing today is a reflection of the successful collaboration between TOCOM, NTT Data and NASDAQ OMX in designing an agreement that puts us on course for a successful launch," said Markus Gerdien, Executive Vice President Market Technology at NASDAQ OMX. "In order to provide optimal support, we have recently appointed a local General Manager with plans to further increase our presence in Japan, which remains an important marketplace for NASDAQ OMX."
"It is with great pleasure and anticipation that we today signed this contract with NASDAQ OMX and NTT Data," says Mr. Fukui, Executive Director TOCOM Systems Division. "The deployment of a world-class, high performance exchange system will enable us to offer more and better services to our customers, allowing TOCOM to grow and thrive in the global commodity marketplace."
The integrated trading and clearing system delivered to TOCOM by NASDAQ OMX is based on an open architecture with Straight-Through-Processing (STP) capabilities that enable the entire trade process to be conducted electronically.
TOCOM is Japan's largest commodity exchange with more than 75% market share, and lists commodities futures and options contracts, including metals, oil and rubber.
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.
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