Press release from GlobeNewswire (a Nasdaq OMX company)
Boerse Stuttgart Taps NASDAQ OMX for Trading Technology
Tuesday, September 10, 2013
Boerse Stuttgart Taps NASDAQ OMX for Trading Technology03:00 EDT Tuesday, September 10, 2013
NEW YORK, Sept. 10, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group (Nasdaq:NDAQ) announced that Boerse Stuttgart has selected NASDAQ OMX's world renowned Genium INET trading technology to power its market. The current Stuttgart market model will be fully supported by NASDAQ OMX market technology—the international "de-facto standard" for exchange system technology—which will strengthen the bourse's technological power of innovation. The go-live date is planned for 2015.
"It's an honor to be supporting Boerse Stuttgart as the exchange upgrades its trading engine and strengthens its position as Europe's leading exchange for private investors," said Lars Ottersgård, Senior Vice President, Market Technology, NASDAQ OMX. "We are dedicated to deliver best-in-class technologies to support Boerse Stuttgart's focus of bringing private investors to the same level as institutional investors."
NASDAQ OMX is the largest provider of technology to the exchange industry. Today, our technology powers more than 70 exchanges, clearinghouses and CSDs globally, clearly distinguishing NASDAQ OMX as the partner of choice to global marketplaces.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 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-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces 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 approximately 3,400 listed companies worth $6 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. 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 Genium INET and its 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.
CONTACT: NASDAQ OMX Media Contact: Ryan Wells +1 (212) 231-5541 (office); +1 (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com