New platform would give SGX ultra low latency and world leading performance
Singapore and Stockholm, March 23, 2009 - Singapore Exchange Limited (SGX) and
the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced today that they have signed a
Migration Study Agreement. Under the agreement, SGX and NASDAQ OMX will
undertake a detailed study of a migration plan to GENIUM, NASDAQ OMX's next
generation trading platform.
“We have a successful and long-standing relationship with NASDAQ OMX, and this
agreement represents a natural extension of our partnership,” said Mr Hsieh Fu
Hua, Chief Executive Officer of SGX. “Migration to GENIUM for our trading
solution would result in SGX having ultra low latency and world leading
performance. This will support our initiatives to attract more high velocity
and algorithmic traders, while offering our existing customers the convenience
of using the same electronic interface.”
“We are excited to sign this agreement with SGX and further strengthen our
partnership,” said Mr. Magnus Böcker, President of NASDAQ OMX. “Through this
joint study, SGX and NASDAQ OMX will gain the insight and knowledge necessary to
successfully migrate SGX trading to our GENIUM platform.”
- End -
For more information, kindly contact:
SGX
Lim Seng Jin, Corporate Communications
Tel : +65 6236 8385
Email: sengjin.lim@sgx.com
NASDAQ OMX
Carl Norell, Corporate Communications
Tel : +46 8 405 6639
Email: carl.norell@nasdaqomx.com
About Singapore Exchange Limited
Singapore Exchange Ltd (SGX) was inaugurated on 1 December 1999, following the
merger of two established and well-respected financial institutions - the Stock
Exchange of Singapore (SES) and the Singapore International Monetary Exchange
(SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and
derivatives exchange and is listed on its own bourse. The exchange's stock is a
component of benchmark indices such as the MSCI Singapore's Free Index and the
Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and
derivatives marketplace for raising capital, risk transfer, trading, clearing
and settlement. SGX facilitates the trading and clearing of commodity futures
and over-the-counter (OTC) derivatives such as forward freight agreements and
oil swaps. Through strategic alliances and partnerships with other exchanges
around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com
About NASDAQ OMX
The NASDAQ OMX Group, Inc. 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 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.
