NASDAQ OMX Launches INET Trading System Across its Seven Markets in the Nordics and Baltics

08.02.2010 RIG

Riga, February 8, 2010 — The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) reports today that it successfully rolled out the INET trading system in all seven of its equities markets in the Nordics (Copenhagen, Helsinki, Iceland and Stockholm) and the Baltics (Riga, Tallinn, and Vilnius). 

The INET trading platform is currently operating the NASDAQ Stock Market in U.S. and the company’s London-based MTF, NASDAQ OMX Europe, and as of today will be utilized across all NASDAQ OMX equities markets in the world.

Hans-Ole Jochumsen, President NASDAQ OMX Nordic said, “This trading system shift is one of the biggest infrastructural changes in the history of the Nordic and Baltic equities markets.  With INET in place we can offer investors access to the world’s fastest and most scalable trading system. This will allow us to grow volumes and liquidity, which benefits all investors and ultimately the regional economies. It will enable us as an exchange and the Nordics and Baltic regions to better compete in Europe’s increasingly competitive trading environment.”

NASDAQ OMX’s INET technology is the most efficient and scalable trading platform in the world, with microsecond speeds, and high reliability and capacity. The INET system is capable of handling one million messages per second at sub-250 microsecond average speeds, the fastest of any exchange or alternative trading system in the world.

Anna Ewing, CIO at NASDAQ OMX commented, “Combining all our exchanges on a single trading platform was one of the key goals when we merged, and now we are able to fully leverage significant economies of scale. Moving our seven exchanges to one platform in a single roll-out is an accomplishment that is unrivaled in the exchange space, and we are delighted to now be able to offer this world-leading technology on our Nordic and Baltic markets.”

Trading system INET will only be used for cash equities – shares and fund units – and in Iceland also for fixed income securities. For fixed income securities Baltic and Nordic exchanges will continue to use current trading system SAXESS. Trading system change does not affect securities list structure on Baltic equities market.

About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

CONTACTS: 

The NASDAQ OMX Group, Inc.

Media Contacts:

Carl Norell

+46 8 405 6639

carl.norell@nasdaqomx.com 

Āris Dreimanis

+371 6721 2431

aris.dreimanis@nasdaqomx.com