NASDAQ OMX Signs Contract With the Tokyo Commodity Exchange
NEW YORK, April 16, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) today announced it has signed a contract with the Tokyo Commodity
Exchange (TOCOM) and NTT Data to provide an integrated trading and clearing
system for commodity derivatives. The contract with TOCOM represents NASDAQ
OMX's first technology customer in Japan and its first major technology contract
win since its merger.
In December 2007 TOCOM announced their selection of NASDAQ OMX as technology
provider, and NTT Data as prime contractor and system integrator for its new
trading and clearing platform. Today at a contract signing ceremony in Tokyo,
NASDAQ OMX signed the License Agreement with TOCOM, as well as Project and
Support Agreements with NTT Data. The new system is scheduled to roll out in May
of 2009.
"Our signing today is a reflection of the successful collaboration between
TOCOM, NTT Data and NASDAQ OMX in designing an agreement that puts us on course
for a successful launch," said Markus Gerdien, Executive Vice President Market
Technology at NASDAQ OMX. "In order to provide optimal support, we have recently
appointed a local General Manager with plans to further increase our presence in
Japan, which remains an important marketplace for NASDAQ OMX."
"It is with great pleasure and anticipation that we today signed this contract
with NASDAQ OMX and NTT Data," says Mr. Fukui, Executive Director TOCOM Systems
Division. "The deployment of a world-class, high performance exchange system
will enable us to offer more and better services to our customers, allowing
TOCOM to grow and thrive in the global commodity marketplace."
The integrated trading and clearing system delivered to TOCOM by NASDAQ OMX is
based on an open architecture with Straight-Through-Processing (STP)
capabilities that enable the entire trade process to be conducted
electronically.
TOCOM is Japan's largest commodity exchange with more than 75% market share, and
lists commodities futures and options contracts, including metals, oil and
rubber.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
and with over 3,900 companies, it is number one in worldwide listings among
major markets. NASDAQ OMX offers multiple capital raising solutions to companies
around the globe, including its U.S. listings market; the OMX Nordic Exchange,
including First North; and the 144A PORTAL Market. The company offers trading
across multiple asset classes including equities, derivatives, debt,
commodities, structured products and ETFs. NASDAQ OMX technology supports the
operations of over 60 exchanges, clearing organizations and central securities
depositories in more than 50 countries. OMX Nordic Exchange is not a legal
entity but describes the common offering from NASDAQ OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information
about NASDAQ OMX, visit 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.
NDAQG
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CONTACT: The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
+1 212 401 8714
bethany.sherman@nasdaqomx.com
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
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