STOCKHOLM, Sweden, June 25, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has been selected as technology provider for the Hong Kong Mercantile Exchange (HKMEx), a new commodity exchange that will offer uniquely-structured contracts to the international and domestic trading community. HKMEx is supported by a diversified mix of world class institutions and financial intermediaries. HKMEx, which is scheduled for launch in Q1 2009, will deploy a trading system from NASDAQ OMX tailored specifically for the commodity marketplace.
"We are delighted to have NASDAQ OMX develop the HKMEx trading platform," said Barry Cheung, Chairman of HKMEx. "In order to create and handle high liquidity and trading volumes on our exchange, we need to operate on a secure and scalable high-end platform. Our selection of NASDAQ OMX was based on their proven technology as well as their long and successful experience in both the commodity and Aspac markets."
"This is a very exciting project for us, and we look forward to supporting Hong Kong and HKMEx in its ambitions to grow and develop the Chinese commodities market," said Markus Gerdien, Executive Vice President Market Technology at NASDAQ OMX. "The platform that we are delivering will put HKMEx in a prime position to create a fluid and efficient commodities market. It will also enable HKMEx to easily introduce new products as they expand their offering."
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.
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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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