NASDAQ OMX Comments On Obama Administration Proposal for Regulatory Reform of OTC Derivatives Markets

| Source: Nasdaq, Inc.

NEW YORK, May 14, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today commented on the Obama Administration's proposed regulatory framework for the Over The Counter (OTC) Derivatives Markets. NASDAQ OMX supports the Administration's comprehensive plan which incorporates important protections for the financial system and investors.

Bob Greifeld, NASDAQ OMX CEO, commented, "The Obama Administration and Secretary Geithner have embraced the opportunity to reform these markets in important ways, while providing an infrastructure that permits innovation in OTC products going forward. It is a win-win for investors, market participants and banks." He continued, "The proposal contains a clear framework for enforcement with clearly defined terms and recognition of the need to work with overseas regulators to avoid regulatory arbitrage opportunities. We are also pleased that the Administration has recognized the benefits of central clearing and the efficiency of electronic exchanges"

NASDAQ OMX is the majority owner of the International Derivatives Clearing Group, Inc. (IDCG) which is an approved CFTC regulated clearinghouse for OTC interest rate swap futures contracts and other fixed income derivatives contracts. The exchange company owns or operates 10 clearinghouses around the globe.

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, 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 ETFs. 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


The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
  +1 212 401 8714  
Silvia Davi
  +1 646 441 5014