Osaka Securities Exchange Co., Ltd (OSE), operator of the JASDAQ market, and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) yesterday announced a strategic alliance for OSE to be the first Asian exchange marketing partner of GlobeNewswire (GNW) and the NASDAQ OMX suite of products. OSE and NASDAQ OMX will further explore adding additional services to this mutually beneficial partnership.
The partnership allows OSE to implement new corporate services for JASDAQ listed companies to support their globalization efforts, while providing expanded opportunity for NASDAQ OMX to further target the burgeoning Asian market. This alliance will build upon NASDAQ OMX's established presence in the region, and will further its goal of providing the technology that enables communication worldwide.
The GNW service allows JASDAQ listed companies to broadcast their corporate information to major US news distribution channels (such as Dow Jones, AP, The Wall Street Journal, Bloomberg, New York Times, Yahoo! Finance, and Google, AOL, etc.) while delivering corporate information to more than 80 countries worldwide. GNW also enables JASDAQ listed companies to reach customized targets, focusing on specific regions and industries.
OSE will operate a "NASDAQ Service Desk" in the JASDAQ division at its Tokyo Branch, to assist JASDAQ listed companies with this new distribution product offering.
"The partnership with OSE marks another step in GlobeNewswire's plan to bolster Corporate Solutions across Asia while providing JASDAQ listed companies the ability to reach a broader international audience," said Demetrios N. Skalkotos, Senior Vice President of Global Corporate Services, NASDAQ OMX.
"One of our main focuses at JASDAQ is internationalism. Our partnership with GNW will provide our clients with better worldwide communications than ever before, further enhancing our service offerings and creating a more attractive market for our listed companies," said Manabu Matsumoto, Deputy of President, OSE.