SIX Swiss Exchange Migrates to New Trading Platform Based On NASDAQ OMX Technology
STOCKHOLM, Sweden, Apr 24, 2009 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that SIX Swiss Exchange has completed its migration to a new trading platform known as 'SWXess,' based on NASDAQ OMX market technology. The SWXess platform enables trading of all SIX Swiss Exchange products, including equities, fixed income, exchange traded funds and securitized derivatives, on a single platform.
SIX Swiss Exchange has now completed its phased member migration following its initial launch of SWXess in February. The implementation was successful and the new trading platform received positive acknowledgment from members and the investing public. The SWXess trading platform, which replaces SIX Swiss Exchange's in-house system, is built to enhance performance, latency and volume capacity for all of its markets.
"In today's increasingly competitive exchange industry, high-end technology is a key differentiator in order to continue to grow volumes and introduce new and innovative products," said Mr. Christoph Bigger, CEO SIX Swiss Exchange. "NASDAQ OMX provides the core of our new system, which will bring significant performance benefits to our customers and also reinforces our commitment towards being an exchange in the technology forefront."
"We are extremely proud to be the key technology partner for a world-leading exchange like SIX Swiss Exchange," said Magnus Bocker, President NASDAQ OMX. "The launch of the SWXess trading platform should truly be considered a milestone project, and we are confident that it will provide a solid foundation for the efficiency, credibility and innovation that defines the SIX Swiss Exchange."
About SIX Swiss Exchange
SIX Swiss Exchange is one of the world's leading and most technologically advanced securities exchanges. It provides customers with first-rate securities exchange services and brings together participants, issuers and investors in an efficient and transparent marketplace. In addition to the broad palette of products it offers, the SIX Swiss Exchange's integrated, fully automatic trading, clearing and settlement system is indeed convincing. www.six-swiss-exchange.com.
SIX Swiss Exchange is a subsidiary of SIX Group. On a worldwide scale, SIX Group offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.
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 over 3,800 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.
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 NASDAQ OMX's 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. There can be no assurance that the FSA will give the NASDAQ OMX applicant the authorization and permissions which it seeks.
NDAQF
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SOURCE: The NASDAQ OMX Group, Inc.
The NASDAQ OMX Group, Inc. Carl Norell +46 8 405 66 39 carl.norell@nasdaqomx.com
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