The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today reported that in the second half of 2008, eight of its customers successfully launched trading systems based on NASDAQ OMX technology. In the same period NASDAQ OMX secured three new customer contracts, along with three customer contract extensions.
Exchanges and marketplaces that have rolled out NASDAQ OMX trading systems in the second half of 2008, from July to December, include:
- Agora-X*, United States (trading of OTC commodity contracts)
- Bolsa de Valores de Colombia - Colombia Exchange (trading of derivatives)
- Egypt Exchange (trading of equities and derivatives)
- IDCG (International Derivatives Clearing Group), USA (clearing of interest rate swaps)
- Indian Energy Exchange (trading and clearing of energy derivatives)
- NASDAQ OMX Dubai (formerly Dubai International Financial Exchange), United Arab Emirates (trading of equities and derivatives)
- Singapore Commodity Exchange (trading and clearing of commodity contracts)
- Singapore Exchange (trading of equities)
New market technology customer contracts in the second half of 2008 include:
- IDCG*, USA - clearing of interest rate swaps
- UK Wholesale Power Market - trading and clearing of power contracts (delivered together with Nord Pool Spot)
- BESA (Bond Exchange of South Africa) - clearing of fixed income derivatives
In the same time period, existing customers Abu Dhabi Exchange, Singapore Exchange and UK-based ICAP, the world's leading interdealer broker, all committed to extend their cooperation with NASDAQ OMX.
“We are pleased with the second half of 2008, and many of the customers we signed with at the beginning of the year have now successfully rolled out their systems,” said Lars Ottersgård, Senior Vice President Market Technology at NASDAQ OMX. “As a result of our customer wins last year, we now have 70 customers in 50 countries, reinforcing our position as a market leader in the exchange technology space. It is very rewarding to see that during a time of historic stock market volatility, our customers' systems have withstood the test, proving their capability to handle unprecedented transaction volumes.”
* NASDAQ OMX holds a 20 percent equity interest in Agora-X. IDCG is an independently operated subsidiary of NASDAQ OMX.
