The NASDAQ OMX Group, Inc.
26.06.2012 12:00
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HKEx Migrates to Genium INET Powered Platform for Derivatives Trading and
Clearing
STOCKHOLM, Sweden, 2012-06-26 12:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges
& Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and
clearing system (DCASS) to NASDAQ OMX's Genium INET technology. In addition
HKEx has extended its support contract with NASDAQ OMX for a further five
years. The platform upgrade is scheduled to be in effect by fourth quarter of
2013.
The Genium INET powered platform will provide HKEx with integrated trading and
clearing of a wide range of derivatives including financial index futures and
options, stock futures and options, currency futures, interest rate futures,
fixed income futures, commodity futures, volatility index futures and dividend
futures. Moreover, the Genium INET technology will provide HKEx with
microsecond latency and significant throughput improvements. The HKEx
derivatives market has been operating on NASDAQ OMX trading technology since
1994.
Bill Chow, Chief Technology Officer of HKEx, said: 'Our adoption of the Genium
INET technology will move our long and fruitful partnership with NASDAQ OMX
into the next phase and strengthen the global competitiveness of the Hong Kong
capital market. We are excited to roll out a new derivatives trading and
clearing platform at HKEx and we are confident it will benefit HKEx
Participants and investors alike.'
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented:
'HKEx has always been at the forefront of technology and we congratulate them
on their commitment to the world's most sophisticated trading and clearing
platform. As one of the largest and most advanced financial markets in the
world, HKEx and its participants and investors will enjoy significant
performance and capacity benefits from our Genium INET technology, putting them
on the path for continued growth.'
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 process 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. 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.
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
CONTACT: NASDAQ OMX media contact:
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
26.06.2012 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
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ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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DGAP-News: Hong Kong Exchange Renews Contract With NASDAQ OMX and Upgrades to INET-Based Trading Platform
| Source: EQS Group AG