STOCKHOLM, Sweden, March 6, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) reports that NASDAQ OMX Nordic through the launch of commodities on the Genium INET platform has created an all-asset, cross-market technology platform. In line with the roadmap that was set out in 2008, all asset classes from all eight markets in Sweden, Finland, Denmark, Norway, Iceland, Lithuania, Latvia and Estonia are now tradable on one common INET-based technology platform.
Commodities is the final asset class to be migrated onto the Genium INET platform and includes a wide variety of power derivatives, carbon emission and natural gas derivatives that will now be traded on the same technology platform as stocks, bonds, equities and fixed income derivatives. Based on NASDAQ OMX's world-leading INET technology, Genium INET is a comprehensive multi-asset trading and clearing system with ultra low latency performance and high reliability and operating capacity.
Hans-Ole Jochumsen, President of NASDAQ OMX Nordic, said: "This marks a true milestone in NASDAQ OMX's history as we complete the pioneering technology roadmap that was initiated in 2008. The successful commodities launch on Genium INET allows our members to trade a comprehensive portfolio of power, carbon and gas products on the same best-in-class technology platform as we use for all other Nordic and Baltic products. Moreover, now customers can leverage clearing synergies through our Genium INET clearing platform by using NASDAQ OMX's clearing house for commodities, fixed income and cash derivatives."
Anna Ewing, Chief Information Officer of NASDAQ OMX, commented: "The completion of our technology roadmap is a testament to NASDAQ OMX's commitment to innovation and our continuous strive to deliver the best possible trading experience for customers and investors. By using our world-leading INET technology as the technology backbone at all our European markets, we provide our members with a unique all-asset, cross-market offering that reinforces our company's ability to trade anything, anywhere."
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).
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