NEW YORK, March 9, 2010 (GLOBE NEWSWIRE) -- Russell Investments and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that NASDAQ OMX(R) has been selected as the primary source of real-time index values for all of Russell's equity indexes via RussellTick™, a new proprietary data service. Developed by NASDAQ OMX, RussellTick will offer investors and traders worldwide real-time access to Russell Index values, including the industry-leading U.S. small-cap Russell 2000(R) Index and U.S. broad-market Russell 3000(R) Index
In December of 2009, Russell selected NASDAQ OMX to disseminate real-time values for Russell's indexes that reflect the global market, but not the well-known U.S. benchmarks, leveraging NASDAQ OMX's global distribution capabilities through NASDAQ OMX's Global Index Data Service (GIDS). Today's announcement broadens the partnership through the creation of a consolidated primary data service that covers the entire family of Russell Indexes. NASDAQ OMX is scheduled to launch RussellTick on June 1, 2010.
"RussellTick will consolidate all of Russell's intra-day index information for the first time into one data source," said Sara Wilson, regional director for third-party index partners at Russell Investments. "Easy access to real-time index values empowers investors to better gauge market performance and more easily track portfolio investments. We're very pleased to leverage the reliable technology and far-reaching distribution capability of NASDAQ OMX as a single point of access."
"Russell's selection of NASDAQ OMX as an independent provider of its index information is a result of our shared objective of promoting transparency," said Randall Hopkins, Senior Vice President of Global Data Products, NASDAQ OMX. "This development further expands the relationship between our organizations, which share a commitment to providing all market participants access to information in a highly scalable manner."
Russell's and NASDAQ OMX's partnership is made possible by the NASDAQ OMX Global Access program. Global Access enables Russell to distribute its data through one of the largest and most successful data distribution organizations in the world. By leveraging the sales, administrative, technical and brand strength of NASDAQ OMX, Global Access provides customers turn-key access to a premier data business. For details, visit http://www.nasdaqtrader.com/globalaccessprogram.
About Russell Investments
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Over the course of its history, Russell's innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.
Through a unique combination of wide-ranging and inter-linked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $176 billion in assets under management (as of 12/31/09) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets. For more details, please visit www.russell.com/Indexes/.
Russell is headquartered in Tacoma, Washington, USA with offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.
The Russell Investments logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7190
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 3,700 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's 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.
Russell Investment Group, a Washington, USA corporation, operates through subsidiaries worldwide including Russell Investments. Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
Russell Investments is the owner of the trademarks, service marks and copyrights related to its indexes and RussellTick.
Russell's indexes are unmanaged and cannot be invested in directly.
CONTACT: Russell Investments Media Contact: Steve Claiborne +1-253-439-1858 firstname.lastname@example.org The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1-301-978-4875 Wayne.D.Lee@NASDAQOMX.com
In This StoryNDAQ
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.