DGAP-News: Hong Kong Exchanges&Clearing (HKEx) Goes Live with NASDAQ OMX's Genium INET Trading&Clearing Platform
(firmenpresse) - The NASDAQ OMX Group, Inc.
06.11.2013 13:57
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New Derivatives Market Trading&Clearing Engine Launches a Month and a Half
Ahead of Schedule
NEW YORK and HONG KONG, 2013-11-06 13:57 CET (GLOBE NEWSWIRE) --
Hong Kong Exchanges and Clearing Limited (HKEx) announced the successful launch
of NASDAQ OMX's (Nasdaq:NDAQ) trading and clearing exchange technology
platform, Genium INET, for HKEx's derivatives market. The launch, which
occurred in mid-October, was a full month-and-a-half ahead of the original
planned roll-out schedule.
'A key factor in making our launch successful was the ability to establish a
true partnership with NASDAQ OMX,' said Bill Chow, Chief Technology Officer,
HKEx. 'The new project methodology with early joint testing proved to be highly
effective and an important element in the delivery approach, resulting in high
quality and close collaboration between the delivery teams. This ultimately
contributed to shortening the time to market. We are very proud of this
launch.'
The system upgrade multiplied the clearing and trading capacity, equipped the
Hong Kong Futures Automatic Trading System (HKATS) with ultra-low-latency trade
processing capability and improved Derivatives Clearing and Settlement System's
(DCASS) clearing processing by shortening batch running times. Additionally,
new central gateways for exchange and clearing participants were introduced to
reduce the hardware footprint and network bandwidth requirements at
participants' premises. The new platform also offers new functionalities such
as Tailor-Made Combination (TMC) orders, a new trading function for investors
to execute option strategies with multiple legs at one net price, with
auto-matching capability.
'We are very proud of this significant launch and delivery in both the major
technology improvements to HKEx derivatives market systems and developing true
teamwork between the two organizations leveraging our new Genium project
methodology,' said Lars Ottersgard, Senior Vice President, Market Technology,
NASDAQ OMX. 'HKEx is one of the largest and most advanced financial markets in
the world and growing. HKEx, its participants and investors will enjoy a
significant performance and capacity boost from our Genium INET technology, and
it has been a true pleasure supporting HKEx's technology initiatives.'
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 26 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).
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
Genium INET 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
News Source: NASDAQ OMX
06.11.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group 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: 06.11.2013 - 13:57 Uhr
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