Stockholm, May 27, 2009 - NASDAQ OMX today announces that its Broker Services
business is launching two new products for market participants aimed at
streamlining connections to multiple information sources and automating
management of centrally cleared trades. The products - NOIIS and NetClear - are
targeted towards market participants in the Nordic market.
NOIIS (NASDAQ OMX Information Interface Service) enables market participants to
connect to a large number of information sources, providing trade capture,
referential data and prices through one single interface, with the information
normalized into a standardized format.
NetClear is a tool for automated handling of centrally cleared trades that
allows market participants to reduce clearing & settlement investments and
running costs as well as operational risk. NetClear provides the opportunity to
reconcile all transactions intraday and support to handle deviations. NetClear
also shows a breakdown of CCP margin requirements on the end customer level and
keeps track of holdings on collateral accounts.
“The trading landscape today, with fragmented liquidity and the possibility to
clear and settle at different venues in Europe, increases the demand to simplify
and streamline the infrastructure for market participants,” says Johan Rudén,
head of NASDAQ OMX Broker Services. “Later this year, the NASDAQ OMX Nordic
exchanges will migrate to INET, the world's most efficient trading platform, and
central counterparty clearing will be introduced in the region. The NOIIS and
NetClear products offer our customers seamless and cost-efficient ways of
staying up-to-date with market changes.”
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. 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. For more information
about NASDAQ OMX, visit http://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.
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Media Contacts:
NASDAQ OMX:
Anna Rasin, AVP Corporate Communications Nordics
+46(8)405 66 12
anna.rasin@nasdaqomx.com