DGAP-News: Bolsa Electronica de Chile Now Powered by NASDAQ OMX
(firmenpresse) - The NASDAQ OMX Group, Inc.
14.12.2012 13:30
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Chile's Largest Electronic Exchange to Benefit From Proven NASDAQ OMX Exchange
Technology, X-stream, Gaining Significant Latency and Capacity Improvements
NEW YORK and SANTIAGO, Chile, 2012-12-14 13:30 CET (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Bolsa Electronica de Chile (BEC)
today launched NASDAQ OMX's X-stream trading platform providing BEC with
world-class trading technology and strengthening their ongoing strategic
alliance for product development and global visibility.
BEC and its members will benefit from significant enhancements in performance,
latency and throughput capacity by upgrading to NASDAQ OMX's proven exchange
technology. BEC members will remain connected via the FIX trading protocol for
a seamless system migration.
NASDAQ OMX technology is used by over 70 marketplaces in 50 countries.
Operating with X-stream technology, BEC will be the most powerful trading venue
in Chile as defined by performance, latency and throughput.
As part of the strategic alliance NASDAQ OMX is cooperating with BEC on their
efforts to cross-list shares, develop new indices and expand existing indices.
NASDAQ OMX is also completing a case study for BEC to create peso-dollar
futures for trading on NASDAQ OMX exchanges. Additionally, NASDAQ OMX is
providing global visibility resources for promotion and marketing to BEC which
has now rebranded its logo to include 'Powered by NASDAQ OMX.'
'Today marks a significant event in BEC's history. Launching NASDAQ OMX's world
renowned trading technology will not only open doors to new investors who wish
to enter the Chilean marketplace, it also signals our dedication to long-term
growth and our strategic vision,' said Fernando Canyas, President of BEC Board
of Directors. 'We could not have chosen a better technology and advisory
services provider to partner with.'
'We are honored to support BEC with its growth initiatives and by powering its
exchange through our X-stream technology. Together, BEC and NASDAQ OMX will
build a community of participants, issuers and investors in Latin America who
seek an efficient marketplace and innovative products,' said Lars Ottersgard,
Senior Vice President and Head of Market Technology, NASDAQ OMX.
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 25 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)
About Bolsa Electronica de Chile:
Bolsa Electronica de Chile (BEC) was created in 1989 and is the first Latin
American exchange to use fully electronic systems to execute its trades. Since
then, BEC has focused on the development of new products and services for its
shareholders and broker-dealers. Until BEC was established, only one exchange
controlled the majority of the trades executed in the Chilean market. When BEC
began its operations, the market and the investors immediately benefitted. BEC
introduced to the market real competition through lower fees, longer trading
hours and the development of new trading solutions which transformed the
Chilean capital market system. Today, BEC has 41 shareholders and 26
broker-dealers using its systems. In addition, all major banks, pension funds
and institutional investors are also active exchange clients, who will all
benefit from the new alliance between BEC and NASDAQ OMX.
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
X-Stream and NASDAQ OMX's 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.
NDAQG
NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells(at)NASDAQOMX.com
Bolsa Electronica De Chile Media Contact:
Enrique Seguel Steuer
(+56-2) 484 0115
enrique.seguel(at)bolchile.cl
News Source: NASDAQ OMX
14.12.2012 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,
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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Datum: 14.12.2012 - 13:30 Uhr
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