Nasdaq OMX talks up H1 technology deals
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced its customer wins, contract extensions and trading system roll-outs in exchange technology for the first half of 2008.
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New customers of NASDAQ OMX, the number one provider of exchange technology in the world, include:
Agora-X, United States (trading of OTC commodity contracts)Bombay Stock Exchange, India (trading and clearing of derivatives)
Dubai International Financial Exchange, United Arab Emirates (trading of equities and derivatives)Hong Kong Mercantile Exchange, Hong Kong (trading of commodity derivatives)Indian Energy Exchange, India (trading and clearing of energy derivatives)Tokyo Commodity Exchange, Japan (trading and clearing of commodity derivatives)
In addition, NASDAQ OMX has signed contracts with 20 existing customers for extended and additional deliveries of exchange technology. Among these are The Indonesia Exchange, Italy-based TLX, and The Singapore Exchange, which recently committed to NASDAQ OMX technology for all components of its exchange platform.
Between January and July of 2008, three systems based on NASDAQ OMX technology have been rolled out:
In March, the Singapore Exchange's market data system, SGX DerivativesQuote, went live; it is the first market data system in the world to be based on the NASDAQ OMX Genium platform.In July, The Indian Energy Exchange launched its system for energy derivatives trading.In July, the Singapore Exchange rolled out its new, enhanced equity trading system, Quest-ST.
NASDAQ OMX continues to develop partnerships in order to meet client needs globally. One example is its alliance with Orc Software, a solution provider focused on the critical areas of advanced derivatives trading and low-latency connectivity.
"NASDAQ OMX as a combined company has moved forward rapidly in the area of market technology. We have secured a strong pipeline of new customers, deployed new systems to existing customers, and capitalized on opportunities for our own organization," commented Magnus Bocker, President of NASDAQ OMX. "Within six weeks of closing our transaction we announced our technology roadmap, and just last month we began customer testing for NASDAQ OMX Europe, our pan-European market. Our next step is to leverage services and products from other areas of the group for our global customer base."
"It has been a busy first half of 2008, and it is extremely rewarding to see our strong relations with local exchanges expand into new business opportunities," said Markus Gerdien, Executive Vice President, Market Technology, NASDAQ OMX. "We are especially pleased with our rapidly growing footprint in the Asian marketplace, where we today have commitments to powering more than ten exchanges. In the last six months we have also signed our first-ever technology contracts in Japan and India, two countries where we see a lot of potential and opportunities for the future."