NEW YORK, May 14, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) today commented on the Obama Administration's proposed regulatory
framework for the Over The Counter (OTC) Derivatives Markets. NASDAQ OMX
supports the Administration's comprehensive plan which incorporates important
protections for the financial system and investors.
Bob Greifeld, NASDAQ OMX CEO, commented, "The Obama Administration and
Secretary Geithner have embraced the opportunity to reform these markets in
important ways, while providing an infrastructure that permits innovation in
OTC products going forward. It is a win-win for investors, market participants
and banks." He continued, "The proposal contains a clear framework for
enforcement with clearly defined terms and recognition of the need to work with
overseas regulators to avoid regulatory arbitrage opportunities. We are also
pleased that the Administration has recognized the benefits of central clearing
and the efficiency of electronic exchanges"
NASDAQ OMX is the majority owner of the International Derivatives Clearing
Group, Inc. (IDCG) which is an approved CFTC regulated clearinghouse for OTC
interest rate swap futures contracts and other fixed income derivatives
contracts. The exchange company owns or operates 10 clearinghouses around the
globe.
About NASDAQ OMX Group
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 over 3,800 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 ETFs. 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,
visit http://www.nasdaqomx.com.
NDAQG
CONTACT: The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
+1 212 401 8714
bethany.sherman@nasdaqomx.com
Silvia Davi
+1 646 441 5014
silvia.davi@nasdaqomx.com
NASDAQ OMX Comments On Obama Administration Proposal for Regulatory Reform of OTC Derivatives Markets
| Quelle: The NASDAQ OMX Group, Inc.