press center press release

NASDAQ OMX Applauds SEC Leadership in Stock-by-Stock Circuit Breaker Initiative

Published

NEW YORK, May 20, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group (Nasdaq:NDAQ) today applauded the U.S. Securities and Exchange Commission (SEC) for its leadership in connection with the submission of stock-by-stock circuit breaker proposals by the equity markets. Those proposals provide uniform market-wide standards for pausing trading in individual securities in the S&P 500® Index that experience a rapid price movement. Furthermore, we commend the SEC and CFTC for publishing their preliminary findings concerning market events of May 6. NASDAQ OMX supports adoption of market-wide practices and supports the SEC and the CFTC with their ongoing review.

NASDAQ OMX is committed to continuing working with other U.S. markets and the SEC to examine and respond to the causes of the May 6 market event.

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 3,600 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).

NDAQG

CONTACT: The NASDAQ OMX Group, Inc. Media Contacts: Marisha Chinsky +1 (646) 441-5258 Marisha.Chinsky@NASDAQOMX.com Robert Madden +1 (646) 441-5045 Robert.Madden@NASDAQOMX.com Wayne Lee +1 (301) 978-4875 Wayne.Lee@NASDAQOMX.com

In This Story

NDAQ

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more