HOUSTON, Feb. 1, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. ("NASDAQ(r)") (Nasdaq:NDAQ) announced today that Cris Farrell has been appointed as Managing Director of NASDAQ's Corporate Client Group, based in Houston, Texas. As the third largest state, both in total number of companies and market capitalization for all of NASDAQ, the newly created position will focus on servicing local Houston-based issuers. Ms. Farrell's key responsibilities include providing market information to interpret trading, performance data, and an array of product and services such as visibility platforms.
"Due to the growth of business in the Houston area and throughout Texas, NASDAQ recognizes that clients will need more hands-on support. Given her diverse background and close proximity to our companies in the region, Cris will play a vital role in ensuring the highest quality service," said Bruce Aust, Executive Vice President, NASDAQ Corporate Client Group.
Houston is currently home to 64 NASDAQ-listed companies, which draw from a diverse group of industries including information technology, health care, materials, consumer, energy, industrials and financial. In addition, NASDAQ continues to gain market share in the region, having listed 29 of the 49 Texas-based Initial Public Offerings since 2003. There are a total of 165 NASDAQ listed companies in all of Texas.
A native Houstonian, Ms. Farrell brings 12 years of experience in the information technology and financial services industry. She comes to NASDAQ from a leading software company where she provided solutions around Y2k, HIPPA, and Sarbanes-Oxley compliance. She will report to NASDAQ's Central Region Vice President, Demetrios Skalkotos.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.NASDAQ.com or the NASDAQ Newsroom at http://www.NASDAQ.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include, but are not limited to, statements about the nature, timing and expected benefits of the hire of Robert H. McCooey, Jr. and the NASDAQ Capital Markets Group. 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's control. These factors include, but are not limited to factors detailed in NASDAQ'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 Silvia Davi (646) 441-5014