LONDON, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Following its successful launch and the rollout of over 500 securities, NASDAQ OMX Europe today announced it will introduce a price promotion positioning NASDAQ OMX Europe as the most competitively priced trading platform in Europe. The pricing will feature an increased rebate for adding orders as well as further discounted pricing for removing liquidity on all stocks on NASDAQ OMX Europe. There will be an additional discount on routing orders in UK listed equities to other markets.
The promotion includes:
* A 25 percent increase in rebates (to 0.25 basis points) for adding liquidity on the market by posting sale or purchase orders on the book. * A further 17 percent discount (to 0.25 basis points) for removing liquidity from the NASDAQ OMX Europe order book. * An all inclusive transaction fee of 0.25 bps for routing orders in UK listed equities to other MTFs or the London Stock Exchange (LSE), representing a further 70% reduction in current routing charges to the LSE.
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "This promotion will introduce the most competitive pricing for any trading venue in Europe. We are delivering on our promise to provide a better trading experience to investors, whilst reducing costs not only on our own book but also across other marketplaces in Europe."
The promotion applies to all NASDAQ OMX Europe market participants and is beginning 3rd November 2008 and will be reviewed at the end of 2008.
Full details of the NASDAQ OMX Europe pricing structure can be seen on the website at: www.nasdaqomxeurope.com/participation/fee_schedules.
Separately, NASDAQ OMX Europe announced that it will begin trading in five constituents of the Italian MIB 30-index on October 24th. This will be followed by a full roll-out of the remaining securities on October 31st.
The securities that will start trading on October 24th are:
ENEL SPA ENI SPA FIAT SPA INTESA SANPAOLO UNICREDIT SPA
ABOUT NASDAQ OMX EUROPE
NASDAQ OMX Europe is the first platform to connect European liquidity pools with Pan-European routing. Following the complete roll-out, NASDAQ OMX Europe will trade approximately 600 securities including constituents of the main European indices, ETFs and other highly liquid securities. For more information about NASDAQ OMX Europe, visit www.nasdaqomxeurope.com.
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) 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.
NDAQG