Stockholm/Sydney, February 18, 2010 - The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ)
and the Australian Securities Exchange Group (ASX:ASX) today announced a
commitment for the delivery of ASX's next generation trading system - ASX Trade
powered by NASDAQ OMX's Genium INET trading platform. ASX Trade will replace
their current integrated equities and derivatives trading platform, and with the
new system will enable significant latency and transaction capacity advantages.
The Genium INET platform has an average latency of 250 microseconds, and will
allow ASX Trade to increase the trading capacity to exceed 5 million trades and
500 million order book changes per day. It will also retain the core
functionality of the existing system, including the ability to trade equities
and derivatives on one platform. ASX Trade is scheduled for rollout in the
second quarter of financial year 2011 (fourth quarter of this calendar year).
Jeff Olsson, ASX Group Executive Technology, said, “The Genium INET platform
will underpin ASX's next generation equity trading system and continues the
longstanding and successful relationship that ASX has with NASDAQ OMX. ASX Trade
will provide a significant improvement in technology performance, which when
coupled with ASX's co-location facilities, will offer market participants a
trading experience as fast and efficient as anywhere in the world. This will
strengthen the global competitiveness of the Australian capital market to the
benefit of traders, companies and investors alike.”
“ASX Trade is at the forefront of a suite of new ASX equity market innovations
designed to provide tailored services to users with diverse trade execution
needs. Similar infrastructure and access arrangements to ASX's existing system
will minimise demand on the technology resources of participants and reduce the
potential for connectivity disruption during the transition to the Genium
INET-powered ASX Trade," said Mr. Olsson.
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, said, “ASX
has always been at the forefront for technology adoption and innovation. Through
our Genium INET platform ASX will be deploying one of the most advanced and
sophisticated trading systems in the world, delivering speed, capacity,
scalability and reliability comparable to services offered by the world's
leading markets.”
About ASX
As one of the world's top‐10 listed exchange groups measured by market
capitalisation, the ASX Group (ASX:ASX) was created through the merger of the
Australian Stock Exchange and the Sydney Futures Exchange. The ASX Group
operates under the brand Australian Securities Exchange and spans the markets
for corporate control, capital formation and price discovery, and functions as
an operator, supervisor, central counterparty clearer and payments system
facilitator. The diverse domestic and international customer base of the
Australian Securities Exchange includes issuers of a variety of listed
securities, corporates, investment banks, trading banks, fund managers, hedge
funds, commodity trading advisers, and proprietary and retail traders.
More information on ASX can be found on www.asx.com.au.
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 approximately 3,700 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. *Please follow NASDAQ OMX on
Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter
(http://www.twitter.com/nasdaqomx).
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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Media Contacts:
NASDAQ OMX
Carl Norell
+46 8 405 6639
carl.norell@nasdaqomx.com
Bethany Sherman
+1 212 401 8714
bethany.sherman@nasdaqomx.com
ASX
Matthew Gibbs
+61 2 9227 0218
matthew.gibbs@asx.com.au
Roula Rodopoulos
+61 2 9227 0410
roula.rodopoulos@asx.com.au
Australian Securities Exchange to Adopt Next Generation Trading Platform from NASDAQ OMX
| Source: Nasdaq Nordic