DGAP-News: NASDAQ OMX Risk Management and OTC Clearing Technology Now Powering KDPW_CCP
| Source:Equity Story
The NASDAQ OMX Group, Inc.
07.02.2013 14:00
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Poland's Leading Clearing House Goes Live With Sentinel for Its OTC Clearing
Business
NEW YORK, 2013-02-07 14:00 CET (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the inventor of the electronic
exchange and the world's largest exchange company, today announced that its OTC
clearing and risk management solution, Sentinel, is now live on KDPW_CCP's OTC
post-trade platform. The NASDAQ OMX technology supports the Polish clearing
house and CCP's (central counterparty) trade lifecycle and risk management
requirements for clearing of OTC traded instruments.
This is a new business area for KDPW_CCP following new European infrastructure
regulation requiring the clearing of standardized OTC (over-the-counter)
derivatives via central counterparties.
Aside from providing the trade lifecycle and sophisticated risk management
required by KDPW_CCP and its members to clear OTC trades, the solution also
interfaces with the CSD system KDPW_STREAM, trade confirmation platforms such
as MarkitWire and SWIFT Accord, as well as trade compression platform and
market data.
'KDPW_CCP is utilizing NASDAQ OMX's Sentinel technology as a part of its
KDPW_OTC clearing system, to provide the robust real time risk management
required by our clearing members,' said Iwona Sroka, President and CEO of
KDPW_CCP. 'We aim to maintain our leadership role as Poland's de facto clearing
house.'
'This partnership with KDPW_CCP marks a substantial milestone for our
post-trade technology business,' said Lars Ottersgard, Senior Vice President of
Market Technology, NASDAQ OMX. 'By offering clearing houses and CCPs, like
KDPW_CCP, a robust OTC clearing and risk management solution for post-trade, we
are meeting an industry demand head on. We're very pleased to be supporting
KDPW_CCP in its efforts.'
NASDAQ OMX is one of the world's leading suppliers of clearing systems and
operates three clearing houses for its own markets.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 25 markets, 3 clearinghouses and 5 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-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces 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 approximately 3,400 listed
companies worth $6 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
Sentinel 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.
NDAQG
CONTACT: NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells@NASDAQOMX.com
News Source: NASDAQ OMX
07.02.2013 Dissemination of a Corporate News, transmitted by DGAP -
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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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