LONDON, March 17, 2009 (GLOBE NEWSWIRE) -- NASDAQ OMX Europe today announced
its intention to launch a new pan-European Dark Pool, NEURO Dark. NEURO Dark
will be a reference price system based on Best Bid and Offer prices and will
offer similar functionality to that of NASDAQ OMX Europe.
NEURO Dark will have smart order routing functionality, while providing a
low-cost marketplace for non-displayed liquidity. The platform will use the
same proven INET technology employed by NASDAQ OMX Europe, by matching orders
in the dark pool and routing unexecuted orders to other non-displayed MTFs.
NEURO Dark will also offer firms the ability to enter an internalised order
type.
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "We recognise
customer demand for a non-displayed marketplace that is not limited to block or
large in scale orders. We are responding by offering a dark pool for all order
sizes, one that can take advantage of existing order routing functionality."
NASDAQ OMX Europe plans to open NEURO Dark on 27th April and at launch will
trade approximately 800 of the most actively traded European blue chip shares.
The launch is subject to concluding discussions with the UK Financial Services
Authority.
ABOUT NASDAQ OMX EUROPE
NASDAQ OMX Europe, the most competitively priced multilateral trading facility
in Europe, is the first platform to connect European liquidity pools with
Pan-European routing. NASDAQ OMX Europe currently trades approximately 800
securities including constituents of the main European indices, ETFs and other
highly liquid securities. For more information about NASDAQ OMX Europe, visit
www.nasdaqomxeurope.com.
NASDAQ OMX Europe Limited is authorised and regulated by the Financial Services
Authority. Insofar as the content of this communication is considered a
financial promotion for the purposes of section 21 FSMA 2000, it is not
communicated or approved by a person authorised under FSMA. This communication
is directed only at persons to whom NASDAQ OMX Europe may lawfully make
financial promotions (Relevant Persons) including persons who have professional
experience in matters relating to investments who are "investment
professionals" within the meaning of article 19 of the FSMA (Financial
Promotion) Order of 2005. This communication must not be distributed to, acted
on or relied upon by persons who are not Relevant Persons.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is the world's largest exchange
company. It delivers trading, exchange technology and public company services
across six continents, with over 3,800 listed companies. NASDAQ OMX offers
multiple capital raising solutions to companies around the globe, including its
U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First
North, and the U.S. 144A sector. The company offers trading across multiple
asset classes including equities, derivatives, debt, commodities, structured
products and exchange-traded funds. NASDAQ OMX technology supports the
operations of over 70 exchanges, clearing organizations and central securities
depositories in more than 50 countries. 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. For more information about NASDAQ OMX, visit http://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.
NDAQG
CONTACT: NASDAQ OMX Europe
Media Contacts:
Bethany Sherman
+1(212) 401-8714
bethany.sherman@nasdaqomx.com
Anna Rasin
+46(8)405 66 12
anna.rasin@nasdaqomx.com
NASDAQ OMX Europe Announces Launch of New Dark Pool Platform
| Source: The NASDAQ OMX Group, Inc.