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.
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