press center press release

NASDAQ OMX Begins Options Trading On Its China Index

Published

NEW YORK, July 8, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of options trading on the NASDAQ China Index(sm) (Nasdaq:CHXN), which is designed to track the performance of the largest Chinese companies whose securities are listed and actively traded in the U.S. Options trading on the NASDAQ China Index will begin trading today on NASDAQ OMX PHLX. Susquehanna Securities is the specialist for this new product.

"Investors now have the ability to trade options on an index that tracks the performance of some of China's most innovative companies," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This gives investors additional flexibility to tailor their trading strategies to their individual needs."

"Susquehanna Securities is a world leading market maker and acts as a critical provider of liquidity in several PHLX index options," stated Thomas Wittman, President of NASDAQ OMX PHLX, Inc. "With the participation of Susquehanna, we will be able to offer to the investing public a highly liquid, efficient vehicle to trade one of the most dynamic geographic sectors of the capital markets."

The NASDAQ China Index is a key benchmark to track the performance of innovative companies that have stimulated one of the world's most rapidly industrializing economies. The Index is comprised of 30 Chinese companies that are listed on NASDAQ, the New York Stock Exchange, or the NYSE Amex and is calculated using a modified market capitalization methodology. The NASDAQ China Index provides these companies with greater visibility and access from the U.S. to a large pool of investors worldwide. The Index underscores NASDAQ OMX's commitment to designing and calculating relevant world-class indexes.

The NASDAQ China Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 150.00 on May 3, 2007. For more information about the NASDAQ China Index, including the list of component companies, visit https://indexes.nasdaqomx.com/data.aspx?IndexSymbol=CHXN&menuIndex=2 .

NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world.

As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has more than 1,500 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.

NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.

Access to historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.

About NASDAQ OMX PHLX

NASDAQ OMX PHLX (PHLX) trades more than 2,650 equity options, sector index options and U.S. dollar-settled options on major currencies. PHLX operates on a combination of cutting-edge electronic and floor-based options trading technology. Our model affords customer's priority over other participants and allows for directed orders. With the completion of the rollout of the PHLX Complex Order System, electronic complex orders can be entered for two legged option to option transactions. PHLX offers electronic entry and execution of complex trading in all of our products including PHLX sector index options and PHLX World Currency Options.

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 3,800 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.

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 the NASDAQ China Index and NASDAQ OMX's 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.

NDAQG

CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.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