STOCKHOLM, Sweden and NEW YORK, Oct. 5, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that Axioma, Inc., a leading provider of decision support, risk analysis and portfolio rebalancing and analysis tools, will add NASDAQ OMX Nordic indexes to its risk modeling system.
NASDAQ OMX is the leading provider of equity and fixed income indexes in the Nordic region, calculating a total of about 1,300. Through this agreement, all NASDAQ OMX Nordic indexes will be added to Axioma's new risk modeling capabilities including the key benchmarks the OMX Stockholm 30 Index and the OMX Stockholm Benchmark Index.
Axioma's daily risk models will help portfolio managers who track the Nordic markets meet the challenges of increasingly volatile and complex markets. With the ability to use Axioma's multiple risk models simultaneously, portfolio managers will have a better perspective of where their risk is coming from and be able to act on that insight in a more timely fashion.
"In today's markets, risk management is essential to a comprehensive investment strategy," said Magdalena Hartman, Vice President, NASDAQ OMX Global Index Group. "That's why we are delighted to have Axioma include NASDAQ OMX Nordic indexes in their risk models. As a result of this development, portfolio managers will be able to more effectively align their risk model usage with their investment objectives."
"The Nordic countries are very important markets for our client base," said Ian Webster, Managing Director Europe for Axioma. "We have been working to strengthen our risk modeling capabilities in the region and are pleased to offer our clients products from NASDAQ OMX, a leader in global benchmark indexes."
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group calculates thousands of indexes that empower investors and financial decision-makers around the world to track, evaluate and benchmark the economy. Our index creation process is completely objective, transparent and rules-based, driven by the demand of the global markets. NASDAQ OMX is also the largest provider of equity and fixed income indexes in the Nordic and Baltic region and calculates over 1,300 Nordic and Baltic specific indexes, with tradable, all share, sector, and benchmark versions. For the latest information on NASDAQ OMX indexes, visit www.nasdaqomx.com/indexes.
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).
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 Nordic indexes 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.
CONTACT: NASDAQ OMX Media Contacts: Carl Norell +46(8)405 66 39 firstname.lastname@example.org Wayne Lee, NASDAQ OMX +1 301 978 4875 Wayne.D.Lee@NASDAQOMX.com
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