NEW YORK, April 6, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of options trading on the NASDAQ Internet IndexSM (Nasdaq:QNET) which is designed to track the performance of the largest and most liquid U.S.-listed companies engaged in internet-related businesses that are listed on the NASDAQ Stock Market, the New York Stock Exchange (NYSE) or NYSE Amex. Options trading on the NASDAQ Internet Index began on March 24, 2010 on NASDAQ OMX PHLX. Susquehanna Securities is the specialist for this new product.
"Investors now have the ability to trade options on an index that tracks the performance of some of the most innovative internet companies," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This gives investors additional flexibility to tailor their trading strategies to their individual needs."
"Susquehanna Securities is a world-class market maker and acts as a critical provider of liquidity in several PHLX index options," said Thomas Wittman, President of NASDAQ OMX PHLX, Inc. "With the participation of Susquehanna Securities, we will be able to offer to the investing public a highly liquid, efficient vehicle to trade the hyper-evolving internet businesses."
The NASDAQ Internet Index is a key benchmark to track the performance of innovative companies that have stimulated one of the most rapidly evolving businesses. The Index includes companies engaged in a broad range of internet-related services including, but not limited to internet software, internet access providers, internet search engines, web hosting, website design, and internet retail commerce. The NASDAQ Internet Index provides these companies with greater visibility and access to a large pool of options investors worldwide. The Index underscores NASDAQ OMX's commitment to designing and calculating relevant world-class indexes.
The NASDAQ Internet Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 150.00 on November 27, 2007. For more information about the NASDAQ Internet Index, including the list of component companies, visit https://indexes.nasdaqomx.com/Data.aspx?IndexSymbol=QNET.
NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world.
As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has more than 1,400 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
Access to historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
About NASDAQ OMX PHLX
NASDAQ OMX PHLX (PHLX) trades more than 2,650 equity options, sector index options and U.S. dollar-settled options on major currencies. PHLX operates on a combination of cutting-edge electronic and floor-based options trading technology. Our model affords customer's priority over other participants and allows for directed orders. With the completion of the rollout of the PHLX Complex Order System, electronic complex orders can be entered for two legged option to option transactions. PHLX offers electronic entry and execution of complex trading in all of our products including PHLX sector index options and PHLX World Currency Options.
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 approximately 3,700 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. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may 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 the NASDAQ Internet Index and NASDAQ OMX's other 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.
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