Key Developments For The NASDAQ OMX Group, Inc.
The NASDAQ OMX Group, Inc. (NDAQ.O) (Nasdaq)
Skandinaviska Enskilda Banken Sells Shares in Tallinn and Vilnius Exchanges to NASDAQ OMX Group, Inc. Subsidiary
Skandinaviska Enskilda Banken (SEB) announced that it has agreed with NASDAQ OMX Nordic, NASDAQ OMX Group, Inc. subsidiary, to sell its minority shareholdings in NASDAQ OMX Tallinn and NASDAQ OMX Vilnius exchanges. Prior to NASDAQ OMX's acquisition of the shares in NASDAQ OMX Tallinn and NASDAQ OMX Vilnius, SEB held 12.1% of the shares in NASDAQ OMX Tallinn and 1.2% in NASDAQ OMX Vilnius. As a consequence of the transaction, SEB is divesting all of its shares in the two exchanges.
Aon Corporation Acquires NASDAQ OMX Group, Inc.'s Carpenter Moore Insurance Services, Inc.
Aon Corporation announced that it has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group, Inc. Financial terms of the acquisition were not disclosed. Under the terms of the agreement, Aon and NASDAQ will enter into a five year exclusive marketing agreement that will incorporate outreach and support for NASDAQ issuers and prospective issuers in the area of liability insurance. The two organizations also will collaborate on the development and distribution of the annual Carpenter Moore Benchmarking Survey, a survey which provides companies with valuable information about their liability insurance pricing as compared to peers in their industry.
NASDAQ OMX Group, Inc. And BM&FBOVESPA Agree Terms of Partnership-Reuters
Reuters reported that NASDAQ OMX Group, Inc. and BM&FBOVESPA have agreed to terms of a partnership for order routing and the distribution of products, services and data. Under the nonbinding partnership, the companies would build a routing system through which U.S. and Brazilian brokers could trade stocks on the other country's exchange. Nasdaq OMX and BM&FBovespa would distribute market data related to stock prices on the other's venues, under a nonexclusive agreement. The two companies said they extended an exclusivity agreement to December 31 so that a definitive deal can be hammered out, adding they will continue talks on technology related cooperation.
NASDAQ OMX Group, Inc. Forms Technology Partnership With The Kuwait Stock Exchange
NASDAQ OMX Group, Inc. announced that it has signed an agreement with the Kuwait Stock Exchange (KSE) to provide trading technology and strategic advisory services to its exchange. As part of a joint venture to develop the Kuwait capital market, NASDAQ OMX will deliver technology for trading, surveillance and market data to KSE. Under the agreement signed in Kuwait City, NASDAQ OMX has committed to provide strategic advisory services to the KSE management team, with the objective to support the exchange's compliance with international standards and its contribution to development of the national capital market. A critical part of this initiative is the implementation of a new electronic trading platform at KSE. The trading platform will be used for equities, bonds and derivatives. Roll out of initial product classes is scheduled for the first half of 2011.
NASDAQ OMX Group, Inc.'s NASDAQ OMX Nordic And EMCF Launch Central Counterparty Clearing In The Nordics
NASDAQ OMX Nordic, part of NASDAQ OMX Group, Inc., together with EMCF (European Multilateral Clearing Facility) announced that they have launched a full central counterparty clearing (CCP) service on the NASDAQ OMX exchanges in Copenhagen, Helsinki and Stockholm. Beginning October 9,2009, NASDAQ OMX has introduced mandatory CCP on nine Nordic securities: three Finnish, Swedish and Danish stocks respectively.
