NASDAQ OMX and the Egyptian Exchange Extend Technology Agreement
The NASDAQ OMX Group, Inc.
03.05.2012 13:00
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STOCKHOLM, Sweden, 2012-05-03 13:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have
entered an agreement that extends their relationship for a further five years.
Under the terms of the agreement, NASDAQ OMX will continue to support the EGX
trading platform, powered by NASDAQ OMX technology, which started operating in
November of 2008.
Dr. Mohammed Omran, The Chairman of EGX and Professor of Finance at the Arab
Academy for Science and Technology, said: 'Our partnership with NASDAQ OMX goes
back many years and as the Egyptian market continues to stabilize we look
forward to leveraging the strong functionality and latency benefits of their
technology. In times of unprecedented national economic turmoil, NASDAQ OMX
consistently provided excellent support to ensure that our trading platform
efficiently handled the extreme volatility, thus contributing to the recovery
of our financial market.'
Lars Ottersgard, Senior Vice President, NASDAQ OMX Market Technology,
commented: 'EGX's commitment to our trading technology is proof of their
dedication to leverage best-of-breed technology in order to drive and grow its
business. A well functioning stock market is a catalyst for efficient financial
markets and with a world class trading system in place EGX can continue its
plans to expand their offering and prominence in the region.'
EGX's trading platform is based on NASDAQ OMX's proven X-stream technology
which is deployed in 22 markets worldwide. X-stream is a multi-asset system
that complies with international standards and is capable of handling equities,
commodities, debt, ETFs, futures, options, swaps and derivatives on a single
platform.
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group,
Inc., fuels economies with revolutionary technologies for the entire lifecycle
of a trade - from risk management to trade to surveillance to clearing. In the
US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 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-80 microsecond speeds with 99.999%
uptime, our technology drives more than 70 exchanges 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 3,400 listed companies worth $5.1
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. 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.
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)
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.
NDAQG
NASDAQ OMX media contact:
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
03.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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The NASDAQ OMX Group, Inc.
03.05.2012 13:00
---------------------------------------------------------------------------
STOCKHOLM, Sweden, 2012-05-03 13:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have
entered an agreement that extends their relationship for a further five years.
Under the terms of the agreement, NASDAQ OMX will continue to support the EGX
trading platform, powered by NASDAQ OMX technology, which started operating in
November of 2008.
Dr. Mohammed Omran, The Chairman of EGX and Professor of Finance at the Arab
Academy for Science and Technology, said: 'Our partnership with NASDAQ OMX goes
back many years and as the Egyptian market continues to stabilize we look
forward to leveraging the strong functionality and latency benefits of their
technology. In times of unprecedented national economic turmoil, NASDAQ OMX
consistently provided excellent support to ensure that our trading platform
efficiently handled the extreme volatility, thus contributing to the recovery
of our financial market.'
Lars Ottersgard, Senior Vice President, NASDAQ OMX Market Technology,
commented: 'EGX's commitment to our trading technology is proof of their
dedication to leverage best-of-breed technology in order to drive and grow its
business. A well functioning stock market is a catalyst for efficient financial
markets and with a world class trading system in place EGX can continue its
plans to expand their offering and prominence in the region.'
EGX's trading platform is based on NASDAQ OMX's proven X-stream technology
which is deployed in 22 markets worldwide. X-stream is a multi-asset system
that complies with international standards and is capable of handling equities,
commodities, debt, ETFs, futures, options, swaps and derivatives on a single
platform.
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group,
Inc., fuels economies with revolutionary technologies for the entire lifecycle
of a trade - from risk management to trade to surveillance to clearing. In the
US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 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-80 microsecond speeds with 99.999%
uptime, our technology drives more than 70 exchanges 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 3,400 listed companies worth $5.1
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. 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.
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)
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.
NDAQG
NASDAQ OMX media contact:
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
03.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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