Photo Release -- Kuwait Stock Exchange Launches NASDAQ OMX Powered Trading Platform
The NASDAQ OMX Group, Inc.
14.05.2012 09:00
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STOCKHOLM, Sweden, 2012-05-14 09:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock
Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading
platform. KSE's new trading platform is based on NASDAQ OMX's proven X-stream
technology and will initially support trading of cash equities and forwards,
with additional derivatives products and bonds to be added in the next phase.
NASDAQ OMX has also provided KSE with index calculation technology and a SMARTS
powered surveillance solution.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12853
NASDAQ OMX and KSE signed a partnership agreement in October 2009 for the
provision of both technology solutions and business advisory expertise in order
to assist KSE in its efforts to develop its capital markets and establish
Kuwait as a regional financial centre. KSE's implementation of world-leading
trading and surveillance technology is a key component in facilitating new
exchange traded products and services and closer compliance to international
standards and industry best practice.
Mr Issam Alusaimi, Head of KSE's Projects Management Office, said: 'KSE is
delighted to go live with X-stream, which is a powerful and flexible system; it
will support the development of the Kuwaiti capital market and Kuwait's mission
to become a regional financial centre. Under our partnership with NASDAQ OMX,
our team at KSE has benefitted greatly from the transfer of knowledge and
experience from their seasoned market professionals in all areas of our
operations; not just in implementing X-stream and the SMARTS surveillance
system, but also in initiatives such as the introduction of the 'KSX 15'
investable index, new sectors and proposals for new post-trade mechanisms. We
look forward to building on this base to bring further positive and major
developments in our marketplace for the benefit of investors, listed companies,
market participants and the economy of Kuwait as a whole.'
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented:
'KSE is an excellent example of a customer partnership that goes beyond trading
technology to also comprise the advisory services needed to run efficient
markets. KSE has deployed a state-of-the-art system that will drive increased
investor awareness in the region and we look forward to continue supporting
their market development. NASDAQ OMX today has a leading position in the Middle
East with an extensive customer base and more than two decades of experience in
this rapidly growing region.'
NASDAQ OMX's X-stream technology 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.
This photo is also available via AP PhotoExpress.
NDAQG
Media contact
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
14.05.2012 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.
14.05.2012 09:00
---------------------------------------------------------------------------
STOCKHOLM, Sweden, 2012-05-14 09:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock
Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading
platform. KSE's new trading platform is based on NASDAQ OMX's proven X-stream
technology and will initially support trading of cash equities and forwards,
with additional derivatives products and bonds to be added in the next phase.
NASDAQ OMX has also provided KSE with index calculation technology and a SMARTS
powered surveillance solution.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12853
NASDAQ OMX and KSE signed a partnership agreement in October 2009 for the
provision of both technology solutions and business advisory expertise in order
to assist KSE in its efforts to develop its capital markets and establish
Kuwait as a regional financial centre. KSE's implementation of world-leading
trading and surveillance technology is a key component in facilitating new
exchange traded products and services and closer compliance to international
standards and industry best practice.
Mr Issam Alusaimi, Head of KSE's Projects Management Office, said: 'KSE is
delighted to go live with X-stream, which is a powerful and flexible system; it
will support the development of the Kuwaiti capital market and Kuwait's mission
to become a regional financial centre. Under our partnership with NASDAQ OMX,
our team at KSE has benefitted greatly from the transfer of knowledge and
experience from their seasoned market professionals in all areas of our
operations; not just in implementing X-stream and the SMARTS surveillance
system, but also in initiatives such as the introduction of the 'KSX 15'
investable index, new sectors and proposals for new post-trade mechanisms. We
look forward to building on this base to bring further positive and major
developments in our marketplace for the benefit of investors, listed companies,
market participants and the economy of Kuwait as a whole.'
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented:
'KSE is an excellent example of a customer partnership that goes beyond trading
technology to also comprise the advisory services needed to run efficient
markets. KSE has deployed a state-of-the-art system that will drive increased
investor awareness in the region and we look forward to continue supporting
their market development. NASDAQ OMX today has a leading position in the Middle
East with an extensive customer base and more than two decades of experience in
this rapidly growing region.'
NASDAQ OMX's X-stream technology 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.
This photo is also available via AP PhotoExpress.
NDAQG
Media contact
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
14.05.2012 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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