DGAP-News: NASDAQ OMX Plans to Launch Retail Market for U.S. Equity Options
(businesspress24) - The NASDAQ OMX Group, Inc.
04.05.2012 14:30
---------------------------------------------------------------------------
New Trading Platform to Target Retail Customer Orders With Access to Liquidity,
Reliable Technology and Innovative Functionality
NEW ORLEANS, 2012-05-04 14:30 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced at the Options
Industry Conference that it will launch NASDAQ OMX BX Options(SM) (BX
Options(SM)) in June 2012, pending SEC approval. BX Options(SM) will reward
retail customers who wish to access liquidity and provide market makers with
additional opportunities to provide liquidity, initially with a price/time
trading system.
BX Options(SM) will complement the exchange group's established U.S. options
venues with unique enhancements that include a hybrid allocation model,
directed order flow for market participants and a new multi-faceted price
improvement auction. Additionally, customers utilizing the new market will
benefit from innovations known to both NASDAQ OMX PHLX (PHLX) and the NASDAQ
Options Market (NOM) like microsecond trading speeds, bulk quoting, rapid fire
risk protection and low latency protocols. In order to facilitate an
inexpensive and easy connection for options trading customers, BX Options(SM)
will leverage the same architecture, data center and world-class INET
technology as other NASDAQ OMX platforms.
Tom Wittman, Senior Vice President and Head of U.S. Options at NASDAQ OMX,
said: 'Our new platform will be a home for retail order flow that is
transparent and it will complement PHLX and NOM, giving our customers a
complete liquidity destination for options trading.'
Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at
NASDAQ OMX, said: 'NASDAQ OMX will continue to strengthen its competitive
offering in the derivatives space not only with cutting-edge trading tools that
service the full cycle of a trade, but also with inventive market structure
that provides true price discovery for an underserved segment of investors.'
NASDAQ OMX will give market participants the ability to choose from three
different market models for U.S. equity options trading. BX Options(SM) will
reward retail customers for accessing liquidity with innovative structure and
functionality, PHLX will offer electronic and floor-based trading with a
traditional allocation model and NOM will provide investors a fully electronic
market with a price/time allocation model. NASDAQ OMX will continue to leverage
the speed and efficiency of its core INET technology across all exchanges.
NASDAQ OMX will utilize the options trading license from its 2007 acquisition
of the former Boston Stock Exchange to launch BX Options(SM).
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $5.1 trillion in market cap whose innovations shape our world,
we give the ideas of tomorrow access to capital today. Welcome to where the
world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To
learn more, visit nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
BX Options(SM) and NASDAQ OMX's other products and offerings. We caution that
these statements are not guarantees of future performance. Actual results may
differ materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks, uncertainties
or other factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and
periodic reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any forward-looking
statements.
NDAQG
CONTACT: NASDAQ OMX Media Contact:
Robert Madden
(347) 740-0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
News Source: NASDAQ OMX
04.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2012 - 08:30 Uhr
Sprache: Deutsch
News-ID 631349
Anzahl Zeichen: 0
Kontakt-Informationen:
Ansprechpartner:
Stadt:
Telefon:
Kategorie:
Wirtschaft (allg.)
Anmerkungen:
Diese Pressemitteilung wurde bisher 96 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: NASDAQ OMX Plans to Launch Retail Market for U.S. Equity Options
"
steht unter der journalistisch-redaktionellen Verantwortung von
The NASDAQ OMX Group, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
