Micex selects Nasdaq OMX for market data audit services

The Nasdaq OMX Group (Nasdaq:NDAQ) and the Micex Group today announced that Nasdaq OMX has been selected to provide market data audit services for the Micex Group.

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The market data compliance services will be performed by NASDAQ OMX Global Data Products, a premier market data operation, through its Global Access program. Global Access allows companies to utilize NASDAQ OMX's distribution network, sales, administrative and technical expertise to quickly realize and maximize profits for their market data content.

The NASDAQ OMX Global Data Products compliance team will provide on-site and off-site reviews to ensure customer use of MICEX's data product content is compliant with MICEX's data policies. MICEX selected NASDAQ OMX because of NASDAQ OMX's flexible partnership model, experienced staff and successful track record in helping market data clients achieve and maintain compliance. NASDAQ OMX's compliance services help data content owners such as MICEX preserve the value of their data offerings while providing consultative recommendations regarding compliance obligations and best practices for their vendors.

"Market data is one of an exchange's most important assets and ensuring compliance maintains the integrity of the data," said Randall Hopkins, Senior Vice President of Global Data Products, NASDAQ OMX. "Given MICEX's large, geographically diverse distribution of data and Russia's growing importance in the global economy, there are many synergies to this deal that will be quickly recognized through NASDAQ OMX's global presence and industry relationships."

Eugeny Ellinskiy, Vice President of MICEX, pointed out, "Information transparency is an important principle of MICEX exchange activities. I am sure that the rich experience of NASDAQ OMX will help MICEX improve the information services and products market."

Global Access provides partners with turn-key access to a premier global data business and also helps them reduce the technical and administrative costs of market data distribution.

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