NEW YORK and KUALA LUMPUR, Malaysia, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that Bursa Malaysia has selected NASDAQ OMX to power its securities market trading through NASDAQ OMX's industry leading technology, X-Stream INET.
The new platform will handle trading of equities, fixed income, ETF, funds and issuer warrants for Bursa Malaysia. X-Stream INET's system robustness and speed will drive exchange innovation for Bursa Malaysia to attract a variety of market participants and create innovative products and services to match international demand. The deployment is scheduled during the first quarter of 2014. NASDAQ OMX was selected in competition with a number of global exchange technology providers.
Dato' Tajuddin Atan, CEO, Bursa Malaysia, said, "As we aimed to complete a major technology refresh for our securities market and build on our overall strategic business roadmap, we wanted a trading technology that would satisfy our demands and desire for growth. Selecting NASDAQ OMX's X-Stream INET was a sign of this commitment to our customers and our growth towards becoming the center of ASEAN's multinational marketplace. We feel we have chosen the right partner for our future and look forward to a successful implementation of X-Stream INET."
Anna Ewing, Executive Vice President and CIO, NASDAQ OMX, said: "We are happy to be partnering with one of the leading exchanges in Asia. Bursa Malaysia is both an attractive IPO destination and a hub for Islamic finance. As Bursa Malaysia looks to advance its growth strategy and expand on its vision of delivering industry-leading products and services, we're dedicated to supporting its endeavors through our technology."
NASDAQ OMX's X-stream trading technology is currently used by 22 exchanges globally and has recently been named the world's fastest trading system by independent latency measurement specialists.
About Bursa Malaysia
Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. A public company limited by shares under the Companies Act 1965, Bursa Malaysia operates a fully-integrated exchange, offering equities, derivatives, offshore, bonds as well as Islamic products, and provides a diverse range of investment choices globally.
Bursa Malaysia Securities regulates and operates the securities trading activities in Malaysia, a stock market with about 1,000 companies across 50 economic activities. Companies from any economic sectors are listed either on the Main Market for large-cap established companies, or on the ACE Market for emerging companies of all sizes. The Exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.
For more information on Bursa Malaysia, visit www.bursamalaysia.com.
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 25 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 3,400 listed companies worth $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 (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 X-Stream INET 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.
CONTACT: NASDAQ OMX Media Contact: Ryan Wells (212) 231-5541 (office) (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com Bursa Malaysia Media Contact: Norly Abdul Khalim 603 2034 7374 (office) 6012 335 7694 email@example.com
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