The NASDAQ OMX Group, Inc.
10.10.2011 15:02
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North American Equity, Options, Futures and Index Data Combined in a Single Feed
NEW YORK, 2011-10-10 15:02 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it will introduce
UltraFeed(SM), a highly-efficient data feed that aggregates all North American
equity, options, futures and index data feeds.
Employing NASDAQ OMX state-of-the-art technology, UltraFeed will first be
delivered to QUODD Financial Information Services - a full service market data
provider. QUODD Financial Information Services will provide UltraFeed to its
approximately 550 downstream client firms who, in turn, feed thousands of
end-users.
QUODD customers will benefit from UltraFeed's customizable messaging standard
for equity, options, futures and index data.
'UltraFeed will provide efficient access to market data from multiple North
American markets and data sources in a cost effective manner,' said Brian
Hyndman, Senior Vice President, NASDAQ OMX Global Data Products. 'UltraFeed is
NASDAQ OMX's latest premier market data product that's being designed to meet
the evolving needs of market data vendors and consumers.'
'We are pleased to partner with NASDAQ OMX to become UltraFeed's flagship
client,' said Dennis Cassidy, President and CEO, QUODD Financial Information
Services. 'With UltraFeed as our new data source, we will be vendor agnostic --
allowing us to provide our clients with a wider choice of products and services
from a broader variety of vendors. UltraFeed also gives us the ability to
manage our own ticker plant, ensuring faster processing times and greater
reliability. Our collaboration with NASDAQ OMX is consistent with our
commitment to provide our clients with state-of-the-art and affordable market
data products.'
As part of the UltraFeed initiative, QUODD Financial Information Services will
enhance its market data cache technology. With the implementation of UltraFeed
as QUODD's new data source in 2012, QUODD will expand its product offering to
include NASDAQ TotalView for clients wishing to access depth of book data.
QUODD will continue to provide NASDAQ Basic to its existing customers who have
already been enjoying savings of over 50% on their Level 1 fees for the past
year.
NASDAQ OMX expects UltraFeed to be in production in the second quarter of 2012.
To access a list of initial data elements to be included in UltraFeed, visit
the NASDAQ OMX Trader website.
About QUODD Financial Information Services
QUODD Financial Information Services provides a real-time data management
solution poised to revolutionize the integration, delivery and use of live
data. The company's solution is based on a proprietary platform technology
which allows an enterprise complete flexibility in content selection as well as
customized delivery with personalization down to the seat level (a radical
improvement over existing rigid data solutions that force all enterprises to
accept a standard delivery format and defined data set). Furthermore, because
QUODD's Platform seamlessly integrates all third party market data within a
company's own internal systems/databases, and the entire solution is
centrally-managed, it eliminates the need for company resources, thus
significantly decreasing the data management costs across an enterprise.
About NASDAQ OMX Group
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 more than 3,500 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. Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
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 UltraFeed data product program and other 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
Media Contacts:
Wayne Lee, NASDAQ OMX
+1-301-978-4875
Wayne.D.Lee@NASDAQOMX.com
News Source: NASDAQ OMX
10.10.2011 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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DGAP-News: NASDAQ OMX to Launch UltraFeed
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