NEW YORK, March 22, 2012 (GLOBE NEWSWIRE) -- Regarding H.R. 3606 "Reopening American Capital Markets to Emerging Growth Companies Act of 2011," Bruce Aust, Executive V.P. of NASDAQ OMX, Global Client Group, provides the following statement: NASDAQ OMX congratulates the United States Senate for quick action to pass H.R. 3606, the "Reopening American Capital Markets to Emerging Growth Companies Act of 2011, also known as the "Jumpstart Our Business Startups Act." This legislation tracks the important recommendations of the IPO Task Force about how to help small companies access the capital markets. It will be good for America and help create jobs for our economy.
As the debate about how small companies are treated by the regulatory system when they go public ends and H.R. 3606 moves closer to becoming law, it is now time for Congress to turn its attention to how the stocks of these and other small companies will actually trade in our equity markets. For too long, our securities laws have applied the same trading regime to large-capitalization companies and small-capitalization companies. As H.R. 3606 demonstrates, small companies can benefit from carefully crafted rules that apply to their narrow category of market capitalization. It is time to look for ways to help emerging growth and other smaller listed companies with innovative trading rules that will help liquidity and transparency, ultimately benefitting investors. NASDAQ OMX looks forward to engaging Congress, the SEC and investors on what we believe is an important discussion.
About NASDAQ OMX Group
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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CONTACT: NASDAQ OMX Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@Nasdaqomx.com