NASDAQ OMX Group, Inc.

Discussion in 'Wall St. News' started by WallstYouth, May 25, 2007.

  1. Today The NASDAQ Stock Market and OMX, a leading global provider of exchange technology and services, jointly announced an agreement to combine the two companies.
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    What are the details of the Combination?

    Today The NASDAQ Stock Market® and OMX, a leading global provider of exchange technology and services, jointly announced an agreement to combine the two companies, creating the world’s premier exchange and technology company. OMX operates seven exchanges in the Nordic and Baltic regions, and is a technology services provider to 60 exchanges in 50 countries worldwide. The new entity will be known as The NASDAQ OMX Group, Inc.

    The NASDAQ OMX Group combines two highly complementary businesses, uniting NASDAQ’s leading global brand, highly efficient electronic trading platform and track record of customer focused innovation with OMX’s global technology services platform and customer base, efficient Nordic Exchange, derivatives capabilities and track record of successful cross-border exchange integrations.

    What are the benefits of the Combination?

    The Combination creates the largest global technology network of customers and listing venues with access to a broad and deep international investor base. The transaction will provide significant benefits:

    The NASDAQ OMX Group will be the premier global equities and derivatives exchange and exchange technology provider.
    The Combination will create the largest global network of exchanges and exchange customers linked by technology.
    The NASDAQ OMX Group will encompass some of the largest global, U.S. and European listings and will provide deep pools of liquidity and cross-border opportunities for members and investors worldwide.

    How does OMX technology compare with that of NASDAQ?

    Both OMX and NASDAQ are regarded as two of the leading technology companies in the exchange space — offering speed, execution, liquidity and linkages unmatched in the industry.

    Which technology platform will be the foundation for the company going forward?

    The intention is to leverage best-of-breed components from both exchanges to arrive at one preeminent platform/architecture.