DGAP-News: NASDAQ OMX to Launch Marketplace Designed for Exchange Traded Products
(firmenpresse) - The NASDAQ OMX Group, Inc.
29.04.2013 15:00
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Competitive Programs to Foster Tighter Spreads, Stable Quotes and Deeper
Liquidity in ETPs
NEW YORK, 2013-04-29 15:00 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company,
today announced that it will re-launch NASDAQ OMX PSX(SM) (PSX(SM)) in an
effort to create the leading marketplace for Exchange Traded Products (ETPs).
The price-time exchange will offer unique market making programs and features
designed to provide robust liquidity to institutional and retail investors. PSX
will re-launch in May 2013 pending approval by the Securities and Exchange
Commission.
Upon re-launch, PSX will offer Registered Market Maker and PSX Supplemental
Liquidity Provider (XLP) designations to participants that undertake an
affirmative quoting obligation on the exchange. These market making programs
will ensure committed liquidity is available by offering superior economics to
participants that meet quoting requirements on a per-security basis. PSX also
plans to introduce an innovative, competitive and transparent Lead Market Maker
program designed to narrow spreads and increase displayed size in ETP
securities. PSX registered market makers may compete for LMM status in ETP
securities and will receive enhanced benefits in exchange for assuming enhanced
liquidity provision obligations. In addition to receiving superior economics in
the ETPs they lead, LMMs will be promoted by PSX to the ETP issuer and investor
communities.
'We're focused on delivering long-term value to investors by significantly
broadening the asset classes we offer to our member firms, and the
establishment of a preeminant marketplace for ETPs supports that effort,' said
Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at
NASDAQ OMX. 'PSX is a key piece of our larger strategy to better service the
ETP industry with a platform designed to incent high-quality liquidity, market
incentive programs and ETP-specific functionality.'
NASDAQ OMX gives market participants the ability to choose from three different
models for U.S. equity trading, including The NASDAQ Stock Market, NASDAQ OMX
BX and now PSX for trading in an ecosystem designed specifically for ETPs. PSX
will use NASDAQ OMX's proven INET technology, enabling market participants to
execute trading strategies across ETPs and other asset classes with familiar,
superior performance.
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 24 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 99.999%
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 over 3,300 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
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
NASDAQ OMX PSX 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
CONTACT: NASDAQ OMX Media Contact:
Robert Madden
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
News Source: NASDAQ OMX
29.04.2013 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:
End of Announcement DGAP News-Service
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Datum: 29.04.2013 - 15:00 Uhr
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