NEW YORK, June 20, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that Questrade Inc., a leading online brokerage firm in Canada, has selected NASDAQ Basic to power its new online trading applications IQ Web and IQ Edge. Questrade is the largest Canadian brokerage to fully integrate NASDAQ Basic, delivering valuable real-time streaming U.S. market data to investors.
NASDAQ Basic provides users with essential real-time quote and trade data for all U.S.-listed securities. Additionally, NASDAQ Basic offers firms a lower-cost, faster, easier-to-administer alternative to Level 1 products.
"By selecting NASDAQ Basic as its source of U.S.-listed securities data, Questrade enjoys significant savings while simultaneously serving its clients with high quality data," said Brian Hyndman, Senior Vice President, NASDAQ OMX Global Data Products. "The integration of NASDAQ Basic into Questrade's web and desktop trading software underscores Questrade's commitment to giving its clients in Canada a competitive advantage."
Edward Kholodenko, President and CEO of Questrade says, "We are coupling NASDAQ Basic with the latest technology to deliver an unparalleled personal trading environment. Our IQ platforms are extremely flexible, allowing any style of investor to adapt the platform to suit their needs. With IQ Web and IQ Edge, Questrade is redefining the online trading experience for Canadians."
To date, more than 1000 firms have selected NASDAQ Basic to power their real-time data, including nine out of the top ten U.S. banks (based on AUM).
NASDAQ Basic data includes securities listed on NASDAQ, NYSE, and NYSE Amex based on liquidity from the NASDAQ Market Center and the FINRA/NASDAQ Trade Reporting Facility. Questrade's users of NASDAQ Basic also receive data from two other NASDAQ trading venues: NASDAQ OMX BX®(BX®) and NASDAQ OMX PSXSM(PSXSM), thanks to Questrade's provision of NASDAQ Last Sale Plus. NASDAQ Basic can be deployed in a variety of investor tools, such as last sale displays, charts and portfolio trackers. For more information about NASDAQ Basic, visit http://www.nasdaqomx.com/trading/marketdata/u.s.products/nasdaqbasic/
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 24 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 99.999% 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 $6.2 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 may 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 Basic, NASDAQ Last Sale Plus and other NASDAQ OMX 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: Media Contacts: Wayne Lee, NASDAQ OMX +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.Com