The NASDAQ OMX Group, Inc.
29.04.2013 14:30
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The World's Largest Offshore, Fully Electronic Securities Market to Benefit
From Proven NASDAQ OMX Exchange Technology, X-stream, Gaining Significant
Latency and Capacity Improvements
NEW YORK and HAMILTON, Bermuda, 2013-04-29 14:30 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Bermuda Stock Exchange (BSX)
have launched NASDAQ OMX's X-stream trading platform providing BSX with
world-class trading technology and strengthening BSX's dedication to the
development of Bermuda's domestic market, fueling capital to the country's
small and medium businesses as well as BSX's leadership position in insurance
related trading activity.
'The Bermuda Stock Exchange has always been focused on investing in technology
that ensures that our trading platform is among the most advanced in the world
and that further extends our leadership over other competing exchanges,' said
Greg Wojciechowski, President and CEO of Bermuda Stock Exchange. 'By deploying
the industry's leading trading engine, we are making clear to the domestic and
foreign markets that we are dedicated to operating a powerful, open
marketplace.'
BSX and its members will benefit from significant enhancements in performance,
latency and throughput capacity by upgrading to NASDAQ OMX's proven exchange
technology.
NASDAQ OMX technology is used by over 70 marketplaces in 50 countries.
Operating with X-stream technology, BSX will be the most powerful trading venue
in the Caribbean and offshore markets as defined by performance, latency and
throughput.
'It is an honor to be powering Bermuda's premier marketplace with our trading
technology,' said Lars Ottersgard. 'X-stream's core functionality will give BSX
a lot of different capabilities to move into different product areas and have
high-order capability. Partnering with BSX as it pursues robust domestic and
international growth initiatives widens its leadership position in the
off-shore business.'
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About Bermuda Stock Exchange:
Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully
electronic offshore securities market. The BSX specializes in listing and
trading of capital market instruments such as equities, debt issues, funds,
hedge funds, derivative warrants and Insurance Linked Securities.
The BSX, recognised by the US SEC as a Designated Offshore Securities Market,
is a member of the World Federation of Exchanges and is located in an O.E.C.D.
member nation. The BSX has Approved Stock Exchange status under Australia's
Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange
status by the UK's Financial Services Authority; Recognised Stock Exchange by
the UK HM Revenue and Customs; Designated Exchange status under Canada's Income
Tax Act and is a member of America's Central Securities Depository Association.
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
X-stream and NASDAQ OMX's other 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.
NDAQG
CONTACT: NASDAQ OMX Media Contact:Ryan Wells(212) 231-5541 (office)(646)
581-4286 (mobile)Ryan.Wells@NASDAQOMX.comBermuda Stock Exchange Media
Contact:Whit Clay(917) 601-6012 (mobile)wclay@sloanpr.com
News Source: NASDAQ OMX
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
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ISIN: US6311031081
WKN:
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DGAP-News: Bermuda Stock Exchange Now Powered by NASDAQ OMX's X-stream Technology
| Source: EQS Group AG