STOCKHOLM, March 9, 2009 - The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) has reached
a milestone together with its long standing customer Indonesia Stock Exchange
(IDX) following last week's successful launch of a new trading system provided
by NASDAQ OMX Market Technology.
The new platform named “JATS-NextG” has modernized IDX's trading operations. It
will replace the two trading systems previously used at Jakarta and Surabaya
Stock Exchanges, which in 2007 merged to form IDX. With JATS-NextG, IDX will be
able to trade all its financial products, including equities, derivatives,
mutual funds and bonds, on one single platform. The system also enables
significantly increased trading volume and has greater flexibility to
accommodate the fast growing and dynamic Indonesian market.
“The aim of the new system was to meet the future needs of the Indonesia capital
market and to maintain proper, efficient and orderly trading. To meet with
future demands, the JATS-NextG is designed to handle up to 1,000,000 orders and
500,000 transactions per day, a much bigger capacity compared to the previous
system that could handle 360,000 orders and 200,000 transactions per day. The
new system also facilitates the trading of all financial products in one
platform and enables an integrated distribution of trading information
and surveillance on all products traded in the Exchange,” said Mr. Erry
Firmansyah, President Director of IDX.
“We are proud to list IDX among our customers and we look forward to support
them in their future growth,” said Lars Ottersgård, Senior Vice President & Head
of Market Technology at NASDAQ OMX. “We believe in the growth potential of the
Indonesian capital markets. The recent successful launch further strengthens
IDX's ability to support the development of the Indonesian market and to
increase liquidity for its members and institutions. In addition, this launch
strengthens NASDAQ OMX's presence in the Asia Pacific region, where our
technology today powers 12 exchanges.”
About NASDAQ OMX
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
exchange-traded funds. 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.
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.
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CONTACTS:
The NASDAQ OMX Group, Inc.
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
NASDAQ OMX-Powered Trading System for Indonesia Stock Exchange Completes Successful Launch
| Source: Nasdaq Nordic