DGAP-News: NASDAQ OMX Reports Third Quarter 2012 Results
(firmenpresse) - The NASDAQ OMX Group, Inc.
24.10.2012 13:00
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-- Third quarter non-GAAP diluted EPS of $0.62, compared to $0.67 in the prior
year quarter; Third quarter 2012 GAAP diluted EPS of $0.52
-- Third quarter net exchange revenues1 were $409 million, down six percent
year-over-year, both on a reported and on an organic basis (constant
currency and excluding acquisitions)
-- 2012 operating expense guidance lowered to $922 to $935 million, previously
$935 to $965 million
NEW YORK, 2012-10-24 13:00 CEST (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) today reported results for the third quarter of 2012. Third
quarter net exchange revenues were $409 million, down six percent compared to
the third quarter of 2011. Excluding the impact of foreign currency, third
quarter 2012 net exchange revenues declined four percent year-over-year.
Operating expenses were $239 million, compared to $241 million in the third
quarter of 2011. On a non-GAAP basis, third quarter 2012 operating expenses
were $228 million, down $4 million year-over-year.
Third quarter 2012 non-GAAP diluted earnings per share was $0.62, down $0.05
compared to the prior year quarter. Non-GAAP earnings per share in the third
quarter of 2012 excludes a loss on the sale of IDCG of $14 million,
restructuring charges of $10 million, merger and strategic initiatives net gain
of $3 million, and special legal expenses of $4 million. On a GAAP basis, net
income attributable to NASDAQ OMX for the third quarter of 2012 was $89
million, or $0.52 per diluted share, compared with $110 million, or $0.61 per
diluted share, in the prior year quarter.
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1 Represents revenues less transaction rebates, brokerage, clearance and
exchange fees.
'Our strategy to build a diversified franchise that generates substantial
recurring revenues and cash flows, even against the backdrop of U.S. and Nordic
equity volumes declining over 30 percent year-over-year, is clearly paying
dividends,' said Bob Greifeld, CEO, NASDAQ OMX.
Mr. Greifeld continued, 'Despite the low level of trading activity, we remain
focused on the factors that allow us to continue to win in our markets, and
position us ideally for when a higher level of trading activity resumes. We
continued to exercise disciplined expense control and continued to invest in
our future through our 'GIFT' internal investment program. This program has
resulted in a variety of new initiatives this year, including our successful BX
Options exchange introduction. We will continue to fund these innovative ideas,
which drive organic growth and diversify our business into compelling adjacent
markets.'
Lee Shavel, NASDAQ OMX's EVP and Chief Financial Officer, said: 'We are pleased
that the cost reduction plan that we put in place in the first quarter has
enabled us to deliver strong expense control, without sacrificing investment in
our business. Our previously announced cost reduction plan is on track to
reduce our cost base by a $50 million run rate by the end of fiscal 2012. As a
result of our ongoing efforts to manage the expense base, we are reducing our
fiscal 2012 operating expense guidance to $922 to $935 million, down from the
previous range of $935 to $965 million. In addition to prudently managing our
cost base, we continued to generate substantial capital and to execute on our
strategy to deploy that capital effectively. Year-to-date, we have returned
$225 million to our shareholders through buybacks and $43 million through our
dividend program. As always, we approach our capital deployment initiatives
with the goal of maximizing return on invested capital to deliver substantial
value for our shareholders.'
At September 30, 2012, the company had cash and cash equivalents of $438
million and total debt of $1,986 million, resulting in net debt of $1,548
million. This compares to net debt of $1,611 million at December 31, 2011.
During the third quarter of 2012, the company repurchased 2.2 million shares of
outstanding common stock under a share repurchase program, for a total of $50
million. Since January 2009, we have repurchased $1,122 million of outstanding
common stock, representing 51.3 million shares at an average price of $21.90.
BUSINESS HIGHLIGHTS
Market Services (66% of total net exchange revenues) - Net exchange revenues
were $269 million in the third quarter of 2012, down $31 million when compared
to the third quarter of 2011.
Cash Equities (11% of total net exchange revenues) - Total net cash equity
trading revenues were $47 million in the third quarter of 2012, down $20
million compared to the third quarter of 2011. Trading volumes declined from
the prior year period when the European debt crisis and the uncertainty
surrounding the U.S. debt ceiling generated substantial market volatility and
volumes.
Derivatives (18% of total net exchange revenues) - Total net derivative trading
and clearing revenues were $72 million in the third quarter of 2012, down $12
million compared to the third quarter of 2011. The decline was primarily due to
lower industry trading volumes in the U.S. and the Nordics, as well as an
unfavorable impact from foreign exchange of $2 million. This decline was
partially offset by market share and revenue capture gains in our U.S. equity
options business.
Access and Broker Services (16% of total net exchange revenues) - Access and
broker services revenues totaled $66 million, up $1 million compared to the
third quarter of 2011. The increase was primarily driven by the uptake of new
products including 40G connectivity.
Market Data (21% of total net exchange revenues) - Total Market Data revenues
of $84 million reflect a $1 million increase compared to the year ago quarter.
The increase in Market Data revenues was driven by growth in U.S. proprietary
products and pricing initiatives, partially offset by lower net revenues in
U.S. tape plans and European data.
Issuer Services (23% of total net exchange revenues) - Revenues were $93
million in the third quarter of 2012, up $3 million compared to the third
quarter of 2011. Corporate Solutions revenues increased $6 million, driven by
the acquisitions of BWise in May 2012 and Glide Technologies in October 2011
and growth in our Shareholder.com and GlobeNewswire products. The Global Index
Group's revenues increased by $1 million, or 8% year-over-year, driven by
increased assets under management of licensed financial products.
Market Technology (11% of total net exchange revenues) - Revenues of $47
million in the third quarter of 2012 increased $1 million compared to the third
quarter of 2011.
COST GUIDANCE - For the full year of 2012, total core operating expenses are
expected to be in the range of $865 million to $873 million (down from prior
core expense guidance of $870 to $890 million), plus $32 million to $36 million
in incremental new initiative spending, and an additional $25 million to $26
million due to the BWise and NOS acquisitions, resulting in total operating
expenses in the range of $922 million to $935 million, down from previous
guidance of $935 to $965 million. This guidance excludes expenses related to
the cost reduction plan and expenses for the proposed voluntary accommodation
program and special legal expenses.
About NASDAQ OMX Group
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 23 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 (www.facebook.com/NASDAQ)
and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Non-GAAP Information
In addition to disclosing results determined in accordance with GAAP, NASDAQ
OMX also discloses certain non-GAAP results of operations, including, but not
limited to, net income attributable to NASDAQ OMX, diluted earnings per share,
net exchange revenues, operating income, and operating expenses, that make
certain adjustments or exclude certain charges and gains that are described in
the reconciliation table of GAAP to non-GAAP information provided at the end of
this release. Management believes that this non-GAAP information provides
investors with additional information to assess NASDAQ OMX's operating
performance by making certain adjustments or excluding costs or gains and
assists investors in comparing our operating performance to prior periods.
Management uses this non-GAAP information, along with GAAP information, in
evaluating its historical operating performance.
The non-GAAP information is not prepared in accordance with GAAP and may not be
comparable to non-GAAP information used by other companies. The non-GAAP
information should not be viewed as a substitute for, or superior to, other
data prepared in accordance with GAAP.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements
that involve a number of risks and uncertainties. NASDAQ OMX cautions readers
that any forward-looking information is not a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking information. Such forward-looking statements include, but are
not limited to (i) projections about our future financial results, growth,
trading volumes, tax benefits and achievement of synergy targets, (ii)
statements about the implementation dates and benefits of certain strategic and
capital return initiatives, (iii) statements about our integrations of our
recent acquisitions and (iv) other statements that are not historical facts.
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, NASDAQ OMX's ability to implement its strategic initiatives, economic,
political and market conditions and fluctuations, government and industry
regulation, interest rate risk, U.S. and global competition, and other factors
detailed in NASDAQ OMX's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 10-K and quarterly reports on
Form 10-Q which are available on NASDAQ OMX's website at
http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
NDAQF
The NASDAQ OMX Group, Inc.
Consolidated Statements of Income
(in millions, except per share amounts)
(unaudited)
Three Months Ended
---------------------------
Septembe June Septembe
r 30, 30, r 30,
2012 2012 2011
---------------------------
Revenues:
Market Services $ 603 $ 688 $ 808
---------------------------
Cost of revenues:
Transaction rebates (250) (299) (390)
Brokerage, clearance and exchange fees (84) (100) (118)
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Total cost of revenues (334) (399) (508)
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Total Market Services revenues less transaction 269 289 300
rebates, brokerage, clearance and exchange fees
Issuer Services 93 91 90
Market Technology 47 44 46
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Revenues less transaction rebates, brokerage, 409 424 436
clearance and exchange fees
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Operating Expenses:
Compensation and benefits 113 113 118
Marketing and advertising 6 6 4
Depreciation and amortization 26 25 28
Professional and contract services 24 23 21
Computer operations and data communications 18 17 17
Occupancy 22 23 23
Regulatory 8 9 9
Merger and strategic initiatives (3) 1 3
Restructuring charges 10 17 --
General, administrative and other 15 15 18
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Total operating expenses 239 249 241
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Operating income 170 175 195
Interest income 2 2 3
Interest expense (24) (24) (30)
Loss on sale of business (14) -- --
Asset impairment charges -- (28) --
Income from unconsolidated investees, net -- -- 1
Dividend and investment income -- -- 1
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Income before income taxes 134 125 170
Income tax provision 45 33 61
---------------------------
Net income 89 92 109
Net loss attributable to noncontrolling interests -- 1 1
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Net income attributable to NASDAQ OMX $ 89 $ 93 $ 110
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Basic and diluted earnings per share:
Basic earnings per share $ 0.53 $ 0.55 $ 0.62
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Diluted earnings per share $ 0.52 $ 0.53 $ 0.61
===========================
Cash dividends declared per common share $ 0.13 $ 0.13 $ --
===========================
Weighted-average common shares outstanding for
earnings per share:
Basic 166.2 169.4 177.1
Diluted 170.5 173.4 180.9
The NASDAQ OMX Group, Inc.
Revenue Detail
(in millions)
(unaudited)
Three Months Ended
---------------------------
Septembe June Septembe
r 30, 30, r 30,
2012 2012 2011
---------------------------
MARKET SERVICES
Transaction Services
Cash Equity Trading Revenues:
U.S. cash equity trading $ 297 $ 373 $ 481
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Cost of revenues:
Transaction rebates (193) (246) (327)
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Brokerage, clearance and exchange fees (75) (94) (111)---------------------------
Total U.S. cash equity cost of revenues (268) (340) (438)
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Net U.S. cash equity trading revenues 29 33 43
European cash equity trading 18 19 24
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Total net cash equity trading revenues 47 52 67
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Derivative Trading and Clearing Revenues:
U.S. derivative trading and clearing 110 103 121
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Cost of revenues:
Transaction rebates (57) (53) (63)
Brokerage, clearance and exchange fees (9) (6) (7)
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Total U.S. derivative trading and clearing cost of (66) (59) (70)
revenues
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Net U.S. derivative trading and clearing revenues 44 44 51
European derivative trading and clearing 28 26 33
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Total net derivative trading and clearing revenues 72 70 84
Access Services Revenues 61 61 60
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Total Transaction Services revenues less 180 183 211
transaction rebates, brokerage, clearance and
exchange fees
---------------------------
Market Data Revenues:
Net U.S. tape plans 28 31 30
U.S. market data products 38 38 33
European market data products 18 21 20
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Total Market Data revenues 84 90 83
---------------------------
Broker Services Revenues 5 5 5
---------------------------
Other Market Services Revenues -- 11 1
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Total Market Services revenues less transaction 269 289 300
rebates, brokerage, clearance and exchange fees
---------------------------
ISSUER SERVICES
Global Listing Services Revenues:
Annual renewal 28 28 30
Listing of additional shares 10 10 10
Initial listing 5 4 5
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Total U.S. listing services 43 42 45
European listing fees 12 12 14
Corporate Solutions 24 22 18
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Total Global Listing Services revenues 79 76 77
Global Index Group Revenues 14 15 13
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Total Issuer Services revenues 93 91 90
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MARKET TECHNOLOGY
License, support and facility management 27 26 28
Delivery project 7 8 6
Change request, advisory and broker surveillance 13 10 12
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Total Market Technology revenues 47 44 46
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Total revenues less transaction rebates, brokerage, $ 409 $ 424 $ 436
clearance and exchange fees
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The NASDAQ OMX Group, Inc.
Consolidated Balance Sheets
(in millions)
September 30, December 31,
2012 2011
----------------------------
Assets (unaudited)
Current assets:
Cash and cash equivalents $ 438 $ 506
Restricted cash 81 34
Financial investments, at fair value 157 279
Receivables, net 327 308
Deferred tax assets 16 16
Default funds and margin deposits 194 17
Open clearing contracts:
Derivative positions, at fair value -- 1,566
Resale agreements, at contract value -- 3,745
Other current assets 116 110
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Total current assets 1,329 6,581
Non-current restricted cash 25 97
Property and equipment, net 203 193
Non-current deferred tax assets 303 392
Goodwill5,286 5,061
Intangible assets, net 1,645 1,648
Other non-current assets 129 119
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Total assets $ 8,920 $ 14,091
============================
Liabilities
Current liabilities:
Accounts payable and accrued expenses $ 149 $ 164
Section 31 fees payable to SEC 24 106
Accrued personnel costs 86 132
Deferred revenue 165 124
Other current liabilities 115 112
Deferred tax liabilities 27 27
Default funds and margin deposits 194 17
Open clearing contracts:
Derivative positions, at fair value -- 1,566
Repurchase agreements, at contract value -- 3,745
Current portion of debt obligations 45 45
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Total current liabilities 805 6,038
Debt obligations 1,941 2,072
Non-current deferred tax liabilities 686 670
Non-current deferred revenue 160 154
Other non-current liabilities 192 171
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Total liabilities 3,784 9,105
Commitments and contingencies
Equity
NASDAQ OMX stockholders' equity:
Common stock 2 2
Additional paid-in capital 3,804 3,793
Common stock in treasury, at cost (1,063) (860)
Accumulated other comprehensive loss (222) (350)
Retained earnings 2,614 2,391
----------------------------
Total NASDAQ OMX stockholders' equity 5,135 4,976
Noncontrolling interests 1 10
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Total equity 5,136 4,986
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Total liabilities and equity $ 8,920 $ 14,091
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The NASDAQ OMX Group, Inc.
Reconciliation of GAAP Net Income, Diluted Earnings Per Share, Operating Income,
Revenues and Operating Expenses
to Non-GAAP Net Income, Diluted Earnings Per Share, Operating Income, Revenues
and Operating Expenses
(in millions, except per share amounts)
(unaudited)
Three Months Ended---------------------------
Septembe June Septembe
r 30, 30, r 30,
2012 2012 2011
---------------------------
GAAP net income attributable to NASDAQ OMX: $ 89 $ 93 $ 110
Non-GAAP adjustments:
Income from open positions relating to the -- (11) --
operations of the Exchange
Asset impairment charges -- 28 --
Loss on sale of business 14 -- --
Restructuring charges 10 17 --
Merger and strategic initiatives (3) 1 3
Extinguishment of debt -- -- 6
Special legal expenses 4 -- --
Other -- 2 --
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Total non-GAAP adjustments 25 37 9
Adjustment to the income tax provision to reflect (10) (13) (3)
non-GAAP adjustments(1)
Significant tax adjustments, net 1 (6) 5
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Total non-GAAP adjustments, net of tax 16 18 11
Non-GAAP net income attributable to NASDAQ OMX: $ 105 $ 111 $ 121
===========================
GAAP diluted earnings per common share: $ 0.52 $ 0.53 $ 0.61
Total adjustments from non-GAAP net income above 0.10 0.11 0.06
---------------------------
Non-GAAP diluted earnings per common share: $ 0.62 $ 0.64 $ 0.67
===========================
Three Months Ended
---------------------------
Septembe June Septembe
r 30, 30, r 30,
2012 2012 2011
---------------------------
GAAP operating income: $ 170 $ 175 $ 195
Non-GAAP adjustments:
Income from open positions relating to the -- (11) --
operations of the Exchange
Restructuring charges 10 17 --
Merger and strategic initiatives (3) 1 3
Extinguishment of debt -- -- 6
Special legal expenses 4 -- --
Other-- 2 --
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Total non-GAAP adjustments 11 9 9
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Non-GAAP operating income: $ 181 $ 184 $ 204
===========================
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-
Total Non-GAAP revenues less transaction rebates, $ 409 $ 413 $ 436
brokerage, clearance and exchange fees
Non-GAAP operating margin (2) 44% 45% 47%
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-
(1) We determine the tax effect of each item based on the tax rules in the
respective jurisdiction where the transaction occurred.
(2) Non-GAAP operating margin equals non-GAAP operating income divided by total
revenues less transaction rebates, brokerage, clearance and exchange fees.
The NASDAQ OMX Group, Inc.
Reconciliation of GAAP Net Income, Diluted Earnings Per Share, Operating Income,
Revenues and Operating Expenses
to Non-GAAP Net Income, Diluted Earnings Per Share, Operating Income, Revenues
and Operating Expenses
(in millions)
(unaudited)
Three Months Ended
-----------------------------
September June September
30, 30, 30,
2012 2012 2011
-----------------------------
GAAP revenues less transaction rebates, brokerage, $ 409 $ 424 $ 436
clearance and exchange fees:
Non-GAAP adjustments:
Income from open positions relating to the -- (11) --
operations of the Exchange
-----------------------------
Total non-GAAP adjustments -- (11) --
-----------------------------
Non-GAAP revenues less transaction rebates, $ 409 $ 413 $ 436
brokerage, clearance and exchange fees:
=============================
Three Months Ended
-----------------------------
September June September
30, 30, 30,
2012 2012 2011
-----------------------------
GAAP operating expenses: $ 239 $ 249 $ 241
Non-GAAP adjustments:
Restructuring charges (10) (17) --
Merger and strategic initiatives 3 (1) (3)
Extinguishment of debt -- -- (6)
Special legal expenses (4) -- --
Other -- (2) --
-----------------------------
Total non-GAAP adjustments (11) (20) (9)
-----------------------------
Non-GAAP operating expenses: $ 228 $ 229 $ 232
=============================
The NASDAQ OMX Group, Inc.
Quarterly Key Drivers Detail
(unaudited)
Three Months Ended
--------------------------------
September June September
30, 30, 30,
2012 2012 2011
--------------------------------
Market Services
Cash Equity Trading
NASDAQ securities
Total average daily share volume (in 1.66 1.80 2.18
billions)
Matched market share executed on NASDAQ 25.2% 27.3% 28.0%
Matched market share executed on NASDAQ OMX 2.7% 2.9% 2.5%
BX
Matched market share executed on NASDAQ OMX 1.2% 1.6% 1.2%
PSX
Market share reported to the FINRA/NASDAQ
Trade Reporting Facility 31.5% 31.4%28.6%
Total market share (1) 60.6% 63.3% 60.2%
New York Stock Exchange, or NYSE, securities
Total average daily share volume (in 3.39 3.86 4.78
billions)
Matched market share executed on NASDAQ 12.8% 13.7% 14.3%
Matched market share executed on NASDAQ OMX 2.5% 2.7% 2.5%
BX
Matched market share executed on NASDAQ OMX 0.6% 0.9% 0.6%
PSX
Market share reported to the FINRA/NASDAQ
Trade Reporting Facility 28.6% 29.1% 25.6%
Total market share (1) 44.6% 46.4% 43.0%
NYSE MKT and regional securities
Total average daily share volume (in 0.94 1.19 1.80
billions)
Matched market share executed on NASDAQ 16.1% 18.3% 19.9%
Matched market share executed on NASDAQ OMX 3.0% 2.9% 2.1%
BX
Matched market share executed on NASDAQ OMX 1.5% 2.4% 2.0%
PSX
Market share reported to the FINRA/NASDAQ
Trade Reporting Facility 29.5% 28.1% 24.2%
Total market share (1) 50.1% 51.8% 48.2%
Total U.S.-listed securities
Total average daily share volume (in 5.99 6.85 8.76
billions)
Matched share volume (in billions) 76.6 95.8 125.0
Matched market share executed on NASDAQ 16.8% 18.1% 18.9%
Matched market share executed on NASDAQ OMX 2.7% 2.8% 2.4%
BX
Matched market share executed on NASDAQ OMX 0.9% 1.3% 1.1%
PSX
NASDAQ OMX Nordic and NASDAQ OMX Baltic
Securities
Average daily number of equity trades 284,764 369,680 422,658
Total average daily share volume (in $ 3.2 $ 4.4 $ 5.1
billions)
Total market share 68.5% 67.8% 72.5%
Derivative Trading and Clearing
U.S. Equity Options
Total industry average daily volume (in 13.8 14.9 18.5
millions)
NASDAQ OMX PHLX matched market share 21.4% 19.6% 22.3%
The NASDAQ Options Market matched market 5.2% 5.6% 4.1%
share
NASDAQ OMX BX Options Market matched market 0.7% -- --
share
NASDAQ OMX Nordic and NASDAQ OMX Baltic
Average daily volume:
Options, futures and fixed-income contracts 371,230 431,154 491,968
Finnish option contracts traded on Eurex 70,211 92,616 65,716
NASDAQ OMX Commodities
Clearing Turnover:
Power contracts (TWh)(2) 384 346 416
Carbon contracts (1000 tCO2)(2) 5,009 6,951 15,511
Issuer Services
Initial public offerings
NASDAQ 17 15 16
Exchanges that comprise NASDAQ OMX Nordic and 1 -- 2
NASDAQ OMX Baltic
New listings
NASDAQ (3) 40 29 33
Exchanges that comprise NASDAQ OMX Nordic and 4 2 5
NASDAQ OMX Baltic (4)
Number of listed companies
NASDAQ (5) 2,610 2,636 2,717
Exchanges that comprise NASDAQ OMX Nordic and 754 759 771
NASDAQ OMX Baltic (6)
Market Technology
Order intake (in millions)(7) $ 31 $ 77 $ 35
Total order value (in millions)(8) $ 523 $ 529 $ 473
(1) Includes transactions executed on NASDAQ's, NASDAQ OMX BX's and NASDAQ OMX
PSX's systems plus trades reported through the FINRA/NASDAQ Trade Reporting
Facility.
(2) Primarily transactions executed on Nord Pool and reported for clearing to
NASDAQ OMX Commodities measured by Terawatt hours (TWh) and one thousand
metric tons of carbon dioxide (1000 tCO2).
(3) New listings include IPOs, including those completed on a best efforts
basis, issuers that switched from other listing venues, closed-end funds and
separately listed ETFs.
(4) New listings include IPOs and represent companies listed on the exchanges
that comprise NASDAQ OMX Nordic and NASDAQ OMX Baltic and companies on the
alternative markets of NASDAQ OMX First North.
(5) Number of listed companies for NASDAQ at period end, including separately
listed ETFs.
(6) Represents companies listed on the exchanges that comprise NASDAQ OMX
Nordic and NASDAQ OMX Baltic and companies on the alternative markets of
NASDAQ OMX First North at period end.
(7) Total contract value of orders signed during the period.(8) Represents total contract value of orders signed that are yet to be
recognized as revenue.
CONTACT: Media Relations:
Joseph Christinat +1.646.441.5121
Joseph.Christinat(at)NASDAQOMX.Com
Investor Relations:
John Sweeney +1.212.401.8737
John.Sweeney(at)NASDAQOMX.Com
News Source: NASDAQ OMX
24.10.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
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