IRGiT Upgrades to Nasdaq's X-Stream Clearing Technology
(Thomson Reuters ONE) -
IRGiT and Nasdaq (Nasdaq:NDAQ) today announced an agreement to upgrade its post-
trade platform to Nasdaq's X-stream Clearing technology. Under the terms of the
agreement, IRGiT (Izba Rozliczeniowa Gield Towarowych S.A.) or the Warsaw
Commodity Clearing House, will replace its existing legacy engine (Condico
Clearing) with one powered by X-stream technology. The upgrade is expected to be
rolled out by mid-2016.
The new technology upgrade will give IRGiT improved functionality, offering
scalability which will offer opportunities to expand its clearing capabilities
to a variety of other asset classes, including commodities.
"We are proud to support IRGiT's post-trade development and their focus on
providing a high performance, reliable clearing house to its market players,"
said Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. "With
this new technology upgrade, IRGiT is in strong position to execute on their
expansion vision, and Nasdaq looks forward to continuing this journey with
them."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across USA,
Europe, Asia, Australia, Africa and Middle East.
The information contained above is provided for informational and educational
purposes only, and nothing contained herein should be construed as investment
advice, either on behalf of a particular security or an overall investment
strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to
buy or sell any security or any representation about the financial condition of
any company. Statements regarding Nasdaq-listed companies are not guarantees of
future performance. Actual results may differ materially from those expressed or
implied. Past performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies before
investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of over $9.1 trillion and more than 10,000
corporate clients. To learn more, visit http://nasdaq.com/ambition or
http://business.nasdaq.com.
IRGiT (Warsaw Commodity Clearing House) Joint Stock Company is the first Polish
licensed Clearing and Settlement House. Company mission is to ensure settlement
and physical delivery of power, gas, property rights and emission allowances as
well as to guarantee financial fulfilment of all transactions. IRGiT provides
clearing services for the Polish Power Exchange. Since 2012 IRGiT is a member of
Warsaw Stock Exchange capital group. IRGiT is a member of EACH (The European
Association of Central Counterparty Clearing Houses), the association uniting
the supreme clearing houses of CCP type in Europe. For more information please
visit: http://www.irgit.pl
NDAQG
CONTACT: Media contacts:
Nasdaq: Ryan Wells, (646) 581-4286 (M),Ryan.Wells(at)nasdaq.com
IRGiT: Marek Onichimowski, +48 22 341 99 75,marek.onichimowski(at)irgit.pl
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1911260]
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2015 - 13:02 Uhr
Sprache: Deutsch
News-ID 385987
Anzahl Zeichen: 4577
contact information:
Town:
New York
Kategorie:
Business News
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"IRGiT Upgrades to Nasdaq's X-Stream Clearing Technology"
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