STOCKHOLM, Sweden and ZURICH, Switzerland, June 16, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that SIX Swiss Exchange has extended its contract with NASDAQ OMX and will upgrade its existing SWXess equities trading platform with NASDAQ OMX's X-stream INET technology. The system upgrade is scheduled to be in effect in Q1 2012, and will enable significant latency and throughput advantages for SIX Swiss Exchange and its trading members in all asset classes.
Christian Katz, CEO at SIX Swiss Exchange said: "Our upgrade to X-stream INET for the trading of all asset classes will be a global first. It allows us to leverage the most advanced trading technology in the world, provided by our technology partner NASDAQ OMX, into our unique market structure with minimal adjustments for our clients. We have always believed that a high-performance and multi-functional trading platform remains a key differentiator in order to attract new liquidity and through this upgrade to X-stream INET we are setting a new standard."
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology commented: "SIX Swiss Exchange will be the first exchange to implement X-stream INET, a system that utilizes the advanced functionality of our proven X-stream platform in combination with INET, the world's fastest trading technology in production with sub-100 microsecond latency."
NASDAQ OMX X-stream INET represents the latest commercial exchange technology offering from NASDAQ OMX. X-stream INET successfully combines NASDAQ OMX's world leading INET technology with the proven X-stream platform, resulting in one of the most efficient and scalable trading platforms in the world. Delivering microsecond speed and high reliability and throughput capacity, X-stream INET targets those exchanges wanting to expand their market offering where performance, pre-trade position and risk management are essential. In addition X-stream INET introduces more efficient exchange protocols resulting in increased functional scope and ease of market connectivity.
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 3,600 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, visithttp://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
About SIX Swiss Exchange:
SIX Swiss Exchange is one of the world's leading and most technologically advanced securities exchanges. It provides customers with first-rate securities exchange services and brings together participants, issuers and investors in an efficient and transparent marketplace. In addition to offering a wide range of products, SIX Swiss Exchange operates an integrated and fully automated trading, clearing and settlement system.
SIX Swiss Exchange is a subsidiary of SIX Group, which provides first-rate services worldwide in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.
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.
NDAQG