The NASDAQ OMX Group, Inc.
12.05.2011 14:00
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Smaller Companies to Benefit From BX Venture Market's Quality Regulation and
Market Structure
NEW YORK, 2011-05-12 14:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced SEC approval of the BX
Venture Market. This new listing market will provide companies that would not
otherwise qualify for an exchange listing the opportunity to list and trade
their shares in a well regulated and transparent environment.
For companies already trading in the over-the-counter markets, contemplating an
initial exchange listing or those delisted from a national securities exchange,
the BX Venture Market will provide a new, better-regulated listing alternative.
Listing standards for this market will require companies to comply with many of
the same corporate governance requirements as are required for listing on other
securities exchanges and maintain basic quantitative standards.
Companies and their shareholders will benefit from the high quality of
real-time and post-trade market surveillance and a robust portfolio of products
and services that will support BX Venture Market listed companies. Trading will
be available on NASDAQ OMX's INET platform, the world's most sophisticated
trading technology.
'The BX Venture Market is a new listing alternative that supports capital
formation for early stage and smaller companies in a transparent and
well-regulated environment,' said Bob McCooey, Senior Vice President of NASDAQ
OMX. 'In addition, the BX Venture Market can provide a new exit opportunity for
the long-term investments made by venture capitalists who support job creation
and ongoing U.S. competitiveness.'
The BX Venture Market is expected to launch later this year. For more
information, please visit http://www.bxventure.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 more than 3,500 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 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 BX Venture Market. 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.
NDAQG
CONTACT: Alexandra Honeysett
(646) 441 5211
Alexandra.Honeysett@nasdaqomx.com
News Source: NASDAQ OMX
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
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ISIN: US6311031081
WKN:
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DGAP-News: SEC Approves BX Venture Market
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