NEW YORK and MOSCOW, June 28, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and RTS Stock Exchange have reached a partnership agreement that will facilitate RTS efforts to more quickly realize and maximize profits for their market data content. NASDAQ OMX will provide RTS, one of the major trading platforms in Russia and Eastern Europe, with a comprehensive suite of services to ensure compliance with RTS market data policies and best practices:
- On-site and off-site audits;
- Post-audit services including review of administrative procedures;
- Entitlement system and reporting methodologies;
- Product and technical overviews;
- Reconciliation activities; and
- Employee training and consultation during the joint audit process.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9912
"We understand the importance of delivering secure and flexible solutions to our market data clients to help them achieve and maintain compliance," stated Roman Goryunov, CEO, RTS Stock Exchange. "We are delighted with our new partnership with NASDAQ OMX, whose expertise and array of compliance services will place us in a unique position to provide superior market data services and preserve the value of our data offerings."
"We are pleased to provide the RTS Stock Exchange the opportunity to utilize our expertise and our wide range of services in the market data sector," said Brian Hyndman, Senior Vice President of Global Data Products, NASDAQ OMX. "Developing a successful data products business is difficult and time-consuming and we welcome the challenge of putting the RTS market data operation on the fast track to profitability."
The services will be performed by NASDAQ OMX Global Data Products, one of the largest data distribution organizations in the world, through its Global Access program. Global Access allows companies to utilize NASDAQ OMX's vast data distribution network and its sales, administrative and technical expertise to realize profits from market data content.
Global Access provides the RTS Stock Exchange and other 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 NASDAQ OMX Group
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 3,500 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).
Russian Trading System Stock Exchange is one of the major trading platforms in Russia and Eastern Europe, providing trading services on both the spot (stocks, bonds, funds) and derivatives markets (futures and options contracts) based on advanced technologies employed worldwide. Trading hours at RTS continue up to 11:50 pm MSK (8.50pm London and 3.50pm New York time). RTS Group operates the central counterparty, the settlement securities depository and the settlement house for rubles and foreign currencies. RTS market data is distributed worldwide through the major vendors and is also available directly from RTS through the FIX/FAST interface. For more information please visit: www.rts.ru/en/. Please follow RTS on Facebook (http://www.facebook.com/Stock.Exchange.RTS) and Twitter (http://twitter.com/#!/RTS_Exchange).
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 Global Access program and 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: Media Contacts: Wayne Lee, NASDAQ OMX +1-301-978-4875 Wayne.D.Lee@NASDAQOMX.com Rufina Baybulatova, RTS +7-495-705-9031 ext. 26008 firstname.lastname@example.org
In This StoryNDAQ
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.