NEW YORK, June 30, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that CME Group (Nasdaq:CME) (NYSE:CME) will list its common stock solely on The NASDAQ Global Select Market. CME Group will cease listing on the NYSE on July 11, 2008 and commence trading on The NASDAQ Global Select Market on July 14, 2008 under the symbol (Nasdaq:CME). CME Group has been listed on the NYSE since December 2002 and dually listed its stock on the NASDAQ in May 2005.
Bob Greifeld, Chief Executive Officer of The NASDAQ OMX Group said, "The CME Group has been an innovative exchange leader that understands trading efficiencies. We are pleased to see them make this switch, which we believe will benefit their shareholders. NASDAQ OMX provides the fairest and most transparent stock market and as a result we have seen companies like CA, DIRECTV, and Charles Schwab switch to our market. We look forward to continuing our long-standing relationship between CME Group and NASDAQ OMX," added Mr. Greifeld.
Magnus Bocker, President of The NASDAQ OMX Group said, "CME Group and NASDAQ OMX share a similar market philosophy and we are delighted to see them shift from a dually-listed company to solely list on The NASDAQ Global Select Market. In addition, the CME Group has been a NASDAQ OMX corporate services customer over the past few years and we are delighted to have their listing solely on our global exchange."
The CME Group's decision to solely list on NASDAQ OMX follows other recent company switches to NASDAQ in the past three years with a market cap of over 115 billion from a variety of sectors including finance, healthcare, and technology. NASDAQ OMX has a Chicago based office and currently has 59 listed companies based in Chicago with a market capitalization exceeding 59 billion.
NASDAQ OMX Corporate Services are designed to help companies manage investor communications, maximize board effectiveness, comply with disclosure and regulatory obligations and evaluate their risk management coverage.
About CME Group
CME Group (www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."
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 http://www.nasdaqomx.com/.
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