MOSCOW and NEW YORK, July 20, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the MICEX Group today announced that NASDAQ OMX® has been selected to provide market data audit services for the MICEX Group.
The market data compliance services will be performed by NASDAQ OMX Global Data Products, a premier market data operation, through its Global Access program. Global Access allows companies to utilize NASDAQ OMX's distribution network, sales, administrative and technical expertise to quickly realize and maximize profits for their market data content.
The NASDAQ OMX Global Data Products compliance team will provide on-site and off-site reviews to ensure customer use of MICEX's data product content is compliant with MICEX's data policies. MICEX selected NASDAQ OMX because of NASDAQ OMX's flexible partnership model, experienced staff and successful track record in helping market data clients achieve and maintain compliance. NASDAQ OMX's compliance services help data content owners such as MICEX preserve the value of their data offerings while providing consultative recommendations regarding compliance obligations and best practices for their vendors.
"Market data is one of an exchange's most important assets and ensuring compliance maintains the integrity of the data," said Randall Hopkins, Senior Vice President of Global Data Products, NASDAQ OMX. "Given MICEX's large, geographically diverse distribution of data and Russia's growing importance in the global economy, there are many synergies to this deal that will be quickly recognized through NASDAQ OMX's global presence and industry relationships."
Eugeny Ellinskiy, Vice President of MICEX, pointed out, "Information transparency is an important principle of MICEX exchange activities. I am sure that the rich experience of NASDAQ OMX will help MICEX improve the information services and products market."
Global Access provides partners with turn-key access to a premier global data business and also helps them reduce the technical and administrative costs of market data distribution. For more information about NASDAQ OMX's Global Access program, visit http://www.nasdaqtrader.com/globalaccessprogram.
About The MICEX Group
The MICEX Group is an integrated exchange which provides services related to electronic trading, clearing, settlements for transactions, depository and information services on the basis of a unified platform. The Group is comprised of the MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depository Center, The National Clearing Center, MICEX — Information Technologies Company, as well as regional exchange and settlement centers. They serve over 1700 participants in the exchange market — leading Russian banks and broker firms located in Moscow and other large financial and industrial centers of Russia.
At present, the MICEX Group operates a number of key financial markets: the currency market, the government bonds market, the share market, the market for corporate and regional bonds, the derivatives market, commodities and the money market.
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 more than 3,600 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. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
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.
CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1-301-978-4875 Wayne.D.Lee@NASDAQOMX.com MICEX Press office +7-495-705-9609 email@example.com