Corporate Solutions Business to Drive Expansion Into Central U.S. Region
NEW YORK and AUSTIN, Texas, Feb. 6, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX (Nasdaq:NDAQ) will open a new office in Austin, Texas on February 28 to expand its footprint in the Central region to meet increasing customer demand, particularly for Corporate Solutions products and services which are used by over 1,300 customers in the region. The office will be overseen by Cris Farrell, Vice President and Head of Sales, U.S. West, Corporate Solutions, NASDAQ OMX.
"As the home to many of the most innovative, ambitious companies and business leaders in the country, Austin is an obvious choice for us to expand our business in the region for the long-term," said Farrell. "We are proud to open a new office to support Texas companies that need the services and solutions we provide our customers, specifically designed to help them create competitive advantage from their IR, PR, Marketing and Governance organizations."
In addition to the Corporate Solutions sales and support team, the new Austin office will increase NASDAQ OMX's on-the-ground presence for its Corporate Client Group in Texas, the fourth-largest U.S. market for its listings business. Texas is the home to 138 companies listed on the NASDAQ Stock Market, including 23 that are headquartered in Austin, representing a combined total market value of $242 billion.
"We are fortunate to have so many of Texas' leading companies as part of the NASDAQ family, including Whole Foods Market and RetailMeNot, Inc. from Austin, and we are excited to expand our presence there to further develop relationships with the region's most innovative companies and entrepreneurs," said Bob McCooey, Senior Vice President of Relationship Management, Corporate Client Group, NASDAQ OMX.
NASDAQ OMX's technology solutions are used by over 10,000 customers in 60 countries consisting of public and private entities, exchanges, regulators and broker-dealers, and powers over 80 marketplaces worldwide.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. 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, NASDAQ OMX's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX's website at http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
About NASDAQ OMX Group
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 23 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 99.99+% 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 3,300 listed companies worth more than $6 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 www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P.)
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Source: The NASDAQ OMX Group, Inc.