DGAP-News: The NASDAQ OMX Group, Inc. /
NASDAQ OMX Announces Formation of Global Market Services Business
24.03.2014 / 13:00
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Hans-Ole Jochumsen to Lead Combined U.S. and European Transactions, Clearing
and Settlement Businesses
NEW YORK, 2014-03-24 13:00 CET (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the formation of
Global Market Services, a new entity comprising NASDAQ OMX transactions,
clearing and settlement services in the U.S. and Europe. Hans-Ole Jochumsen,
Executive Vice President, has been appointed to lead the newly combined global
business, reporting directly to Chief Executive Officer Bob Greifeld.
NASDAQ OMX's European and U.S. market services businesses will report to Mr.
Jochumsen. The newly created entity will facilitate global growth and expansion
of the company's cash and derivatives business within equities as well as fixed
income, currencies and commodities (FICC), and enable greater customer focus,
product development and technology synergies.
'As markets have become increasingly global in asset classes like fixed income,
currency and commodities and in the OTC clearing space, we believe it is an
opportune time to structure our transaction business in such a way that takes
advantage of these opportunities,' said Bob Greifeld, Chief Executive Officer
of NASDAQ OMX. 'Hans-Ole has exhibited tremendous leadership, and his
background and experience spans virtually every asset class. His global
perspective and outstanding track record will help take our transaction
businesses to the next level.'
NASDAQ OMX has pursued a strategy of global diversification over the last year,
reorganizing its businesses to form new entities that enable investors to
better understand and compare its business to peers. Most recently, NASDAQ OMX
combined data and indexing to form Global Information Services. Similarly,
market technology and corporate solutions were combined to form Global
Technology Solutions.
'We've successfully integrated trading and clearing of all our asset classes at
all our Nordic and Baltic exchanges to one technology platform to allow true
multi-asset trading and clearing,' said Hans-Ole Jochumsen, Executive Vice
President and Head of Global Market Services at NASDAQ OMX. 'With the fixed
income, currency and commodities markets becoming increasingly global, I'm
thrilled to make NASDAQ OMX the world leader in creating a truly integrated
global offering in these areas.'
Mr. Jochumsen previously oversaw NASDAQ OMX's Transaction Services Nordic
business which provides an integrated marketplace of eight independent Nordic
and Baltic exchanges as well as trading and clearing (for derivatives and OTC)
of Nordic and Baltic securities.
Jochumsen is also responsible for NASDAQ OMX Commodities, the global
commodities business unit within the company, encompassing among other things
the trading and clearing of financial products on the world's largest power
exchange.
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. NASDAQ OMX is home to more than 3,300 listed
companies with a market value of over $8 trillion and more than 10,000
corporate clients. To learn more, 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 Global Data Products and Global Index businesses and other
businesses, 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:
Joseph Christinat
+1.646.441.5121
Joseph.Christinat@NASDAQOMX.Com
Robert Madden
+1.646.441.5045
Robert.Madden@NASDAQOMX.com
NASDAQ OMX Investor Relations Contact:
Ed Ditmire
+1.212.401.8737
ed.ditmire@nasdaqomx.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
ISIN: US6311031081
End of News DGAP News-Service
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259152 24.03.2014
DGAP-News: NASDAQ OMX Announces Formation of Global Market Services Business
| Source: EQS Group AG