TOKYO, Oct. 1, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that SBI Japannext has successfully launched a new NASDAQ OMX powered X-stream INET trading system.
SBI Japannext, a Japanese PTS (Propriety Trading System), along with its members, will benefit from significant ultra-low latency and throughput capacity advantages by upgrading to the INET version of NASDAQ OMX's X-stream exchange technology—the most widely used marketplace trading system in the world.
NASDAQ OMX's X-stream technology is deployed in 22 markets worldwide. X-stream is a multi-asset system that complies with international standards and is capable of handling equities, commodities, debt, ETFs, futures, options, swaps and derivatives on a single platform.
Chuck Chon, Co-CEO, SBI Japannext said: "This new system upgrade to X-stream INET will enable us to offer our customers a powerful, ultra-low latency trading system in line with international standards. High-performance trading technology is a vehicle for growth for us. By moving to X-stream INET, we can continue increasing our market share, industry leadership and growing customer base domestically and abroad."
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, said: "We congratulate SBI Japannext on today's successful upgrade launch and look forward to continuing a long and fruitful partnership. We have great confidence in our industry leading X-stream technology and couldn't be more pleased to have SBI Japannext utilize it to increase their competitive advantage. SBI Japannext marks NASDAQ OMX's fifth exchange customer in Japan and it is very rewarding to see our footprint grow in this important market."
In September 2011, SBI Japannext went live with NASDAQ OMX's X-stream Trading platform to replace its previous platform in order to deploy trading technology in line with global standards, while its members remained connected via the FIX protocol. The recent technology upgrade to X-stream INET will bolster latency to ultra-low levels and strengthen performance abilities.
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 24 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 99.999% 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 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)
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 X-stream INET 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 Contact: Ryan Wells (212) 231-5541 (office) (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com