ADVISORY, Dec. 16, 2010 (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. has agreed to acquire FTEN, a leading provider of real-time risk management (RTRM) solutions for the financial securities market.
The transaction is expected to close by year-end and the FTEN team will be fully integrated into the NASDAQ OMX business in 2011.
In honor of the occasion, NASDAQ OMX and FTEN executives will visit the NASDAQ MarketSite in New York City's Times Square and ring the Closing Bell.
- Ted Myerson, Founder and Chief Executive Officer of FTEN
- Eric Noll, Executive Vice President of Transaction Services, NASDAQ OMX
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Thursday, December 16th, 2010 at 3:50 p.m. - 4:00 p.m. ET
The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden (646) 441-5045.
An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.
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A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.
FTEN is the largest processor of real-time financial securities risk management in the world. Each trading day, Falcon provides real-time risk management and surveillance for up to 17 billion executed shares of US equities, accounting for $150 billion in risk calculations.
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 approximately 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/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).