Trading customers can enhance speed by locating their trading engines in NASDAQ
OMX London trading centre
London, June 26, 2008-- The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) announces the
launch of its proximity services which provide high-speed connectivity in the
NASDAQ OMX data centre in the city of London. Proximity services, often known as
“co-location,” enables participants to locate their trading engines on-site with
the NASDAQ OMX pan-European market in order to enhance trading speed. NASDAQ's
pan European market, now known as NASDAQ OMX Europe, will begin offering these
services immediately.
This announcement follows NASDAQ OMX Europe's announcement earlier this month
that it has begun customer testing.
“Our proximity services allow customers to physically place their trading
systems next to our matching engine, which removes any latency associated with
external networks,” commented Chris Concannon, Executive Vice President,
Transaction Services, NASDAQ OMX. “We are looking to provide our customers with
a range of choices in how they connect to our market. This product is another
connectivity option designed to meet the needs of high performance traders.”
NASDAQ OMX Europe will enable best execution in high volume securities trading
in a cross-border, multimarket environment. The market, which will be the first
platform to connect European liquidity pools with Pan-European routing, is
scheduled to open in September 2008. At launch it will trade approximately 300
of the most actively traded European blue chip shares. The NASDAQ OMX trading
platform is recognized as the fastest in the industry with peak trading speeds
of 250 microseconds. The launch of NASDAQ OMX Europe is subject to FSA approval.
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,
and with over 3,900 companies, it is number one in worldwide listings among
major markets. NASDAQ OMX offers multiple capital raising solutions to companies
around the globe, including its U.S. listings market; the OMX Nordic Exchange,
including First North; and the 144A PORTAL Market. 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 60 exchanges, clearing organizations and central securities
depositories in more than 50 countries. OMX Nordic Exchange is not a legal
entity but describes 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/.
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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. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
CONTACTS:
The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
(212) 401-8714
bethany.sherman@nasdaqomx.com
Jonas Rodny
+46 (8) 405 7267
Jonas.rodny@nasdaqomx.com
NDAQG
