NEW YORK, April 1, 2014 (GLOBE NEWSWIRE) -- Shift Forex LLC today announced that NASDAQ OMX will be the Presenting Sponsor at FXIC NYC 2014, a global foreign exchange (FX) industry conference to be held on June 20, 2014 at the Grand Hyatt in New York City. FXIC is the premier FX forum, bringing together the retail, institutional and wholesale segments of the global foreign exchange industry.
NASDAQ OMX's sponsorship reflects the company's longstanding history of driving innovation in financial markets as well as market participant's growing demand, fueled partly by regulatory mandates in the US and Europe, for greater transparency and efficiency in FX trading and clearing. The exchange group recently announced the formation of Global Market Services, a new entity which will drive NASDAQ OMX's expansion into fixed income, currencies and commodities (FICC).
"We are committed to the foreign exchange space and we are already well positioned, ahead of shifts in the regulatory landscape, to deploy our strategy for multi-asset trading and clearing," said Hans-Ole Jochumsen, Executive Vice President of Global Market Services at NASDAQ OMX. "Our customer focus, product development and technology synergies will continue to drive our growth in the FICC area as we offer market participants additional trading opportunities."
"We are absolutely thrilled to have NASDAQ OMX as the Presenting Sponsor this year in New York," said Matthew Miller, Founding Partner and COO of Shift Forex, the event host. "NASDAQ OMX's premier participation reflects the tectonic shifts that are occurring in the FX markets with the move toward a centrally-cleared model, as well as the continued blurring of the lines between various types of market participants, which is a central theme of the event."
Shift Forex's FXIC event attracted more than 300 industry executives in 2013, the event's inaugural year. This year, interest has grown as market participants grapple with rapid change and the resulting challenges. As the FX space continues to mature with competitive forces and industry standards, many new entrants accelerate the pace of innovation. FXIC assembles the global FX community for two days of industry discussions, predictions regarding the future of markets and access to buy and sell-side participants, brokers and technology providers, compliance and legal professionals.
The FXIC 2014 web site can be viewed at www.fxic.com.
About NASDAQ OMX Group:
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. To learn more, visit http://www.nasdaqomx.com/.
About Shift Forex:
Shift Forex is a boutique consultancy with expertise across technology, liquidity, risk management, recruiting, compliance, sales, and marketing. Clients include start-up, middle market, and established FX and CFD brokerage and technology firms, as well as banks and hedge funds. The firm's services span the business life-cycle from planning through growth to maturation and exit strategy. Established in 2009, Shift's team of 20 professionals services a global base of over 75 clients from its New York City headquarters. The company's vision is to continue to foster industry collaboration and growth via deep expertise delivered professionally and fairly.