NEW YORK, July 26, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that trading of Liquid Holdings Group, Inc. "Liquid" (Nasdaq:LIQD), a provider of cloud-based execution and order management, risk and shadow accounting systems for the financial services community, commenced on the NASDAQ Global Market on July 26, 2013, under the ticker symbol "LIQD."
Liquid is leading the way for a new level of technology and services for the global hedge fund and active trading markets. The Liquid platform was purpose-built to manage the entire trade lifecycle in real-time, seamlessly integrating order management and execution with real-time risk management, portfolio management, reporting and shadow accounting in a single solution. Designed for emerging and established hedge fund managers, asset managers, wealth management offices, family offices and financial institutions, the Liquid platform is delivered efficiently, quickly and securely in a cloud-based SaaS model, or as a software installation on customers' premises. Headquartered in New York City with offices in London and Aventura, Florida, Liquid was formed in 2012.
"NASDAQ OMX congratulates Liquid on its initial public offering, which will provide the company with the opportunity for continued growth as a public company," said Nelson Griggs, Senior Vice President, NASDAQ OMX. "We look forward to celebrating many milestones with Liquid and its shareholders in the years to come."
Since its inception, NASDAQ OMX has been the home to some of the world's most innovative and progressive software providers, including Liquid Holdings Group, Inc., Google, Yahoo, Equinix and Akamai Technologies.
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces 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 approximately 3,400 listed companies worth $6 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 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)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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