LONDON, May 14, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the appointment of Charlotte Crosswell as President of its NASDAQ OMX Pan European Market, a high-volume trading platform which will link multiple trading pools across Europe. Ms. Crosswell will be based in London and responsible for the operations and strategic development of the Pan European Market. She will report to Chris Concannon, Executive Vice President, Transaction Services, NASDAQ OMX.
NASDAQ OMX announced its Pan European Market in March and plans to launch the market in September, pending FSA approval.
"Charlotte has an in-depth knowledge of the European and global exchange business, and this in combination with her sales, marketing and investment industry expertise make her an ideal leader to develop and take our new platform forward," commented Mr. Concannon.
Ms. Crosswell will join NASDAQ OMX Pan European Market from Pension Corporation, a London-based pension management firm, where she has been a Partner and head of Business Development. At Pension Corporation, she has been responsible for the firm's business development strategy, as well as developing relationships with customers, the actuarial community and the media.
Prior to joining Pension Corporation, Ms. Crosswell was head of International Listings for The NASDAQ Stock Market, Inc. While with NASDAQ, she was responsible for non-U.S. IPOs and managing NASDAQ's relationships with its overseas listed companies through representatives based in London, New York, Bangalore, and Beijing. Charlotte has also held a number of management positions at The London Stock Exchange, including Head of International Business Development. She has a BA (Hons.) in French from the University of Southampton.
The NASDAQ OMX Pan European Market will enable best execution in high volume securities trading in a cross-border, multi-market 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 the NASDAQ OMX Pan European Market 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 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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