STOCKHOLM, Sweden, Nov. 16, 2009 (GLOBE NEWSWIRE) -- NASDAQ OMX, the Danish Securities Dealers Association, the Federation of Finnish Financial Services and the Swedish Securities Dealers Association, have together agreed on an updated timetable for the migration to a new trading platform on the NASDAQ OMX exchanges in Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn and Vilnius.
Based on the updated timetable, the new trading platform, INET, will be introduced on February 8, 2010 on the NASDAQ OMX exchanges in Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn and Vilnius. The original migration was scheduled for November 30, 2009 in Tallinn, Riga, Vilnius and Iceland, and on December 7, 2009 in Copenhagen, Helsinki and Stockholm.
The joint decision between NASDAQ OMX and the Nordic Securities Dealers Associations about the new timetable has been taken in order to ensure readiness and ample time for system testing among market participants in all seven countries, and thus safeguard a secure and seamless transition to the new trading platform.
The implementation is subject to necessary regulatory consent or approval.
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 over 3,700 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.
About The Danish Securities Dealers Association
The Danish Securities Dealers Association is the trade organization for members of a regulated market and other companies which main activities are related to the Danish securities market. The official Danish name is "Den danske Borsmaeglerforening" in short DBMF.
About the Federation of Finnish Financial Services
The Federation of Finnish Financial Services is the co-operation and self-regulatory organisation of the Finnish investment services industry. It represents banks, insurers, finance houses, securities dealers, fund management companies and financial employers operating in Finland. The Federation has about 480 members who employ a total of 43,000 people.
About The Swedish Securities Dealers Association
The Swedish Securities Dealers Association (SSDA) was founded in 1908 and is an association which represents the common interest of banks and investment service firms active on the securities market. The mission of SSDA is sound, strong and efficient Swedish securities market. SSDA promotes members' view in regards to regulatory, market and infrastructure related issues. It also provides a neutral forum for discussing and exchanging views on matters which are of common interest to its members.
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 Contacts: Anna Rasin +46 8 405 6612 email@example.com Carl Norell +46 8 405 6639 firstname.lastname@example.org The Danish Securities Dealers Association Mikael Winkler +45 3370 1015 email@example.com The Federation of Finnish Financial Services Mirjami Kajander +358 20 7934 200 Mirjami.Kajander@fkl.fi The Swedish Securities Dealers Association Kerstin Hermansson +46 8 56 26 07 01 firstname.lastname@example.org