NEW YORK, Oct. 10, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it will introduce UltraFeedSM, 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.
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