English Latvian
Published: 2010-02-08 11:01:31 CET
Nasdaq Riga
Announcement from the exchange
NASDAQ OMX Launches INET Trading System Across its Seven Markets in the Nordics and Baltics
Riga, February 8, 2010 — The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) reports
today
that it successfully rolled out the INET trading system in all seven of
its
equities markets in the Nordics (Copenhagen, Helsinki, Iceland and
Stockholm)
and the Baltics (Riga, Tallinn, and Vilnius). 

The INET trading
platform is currently operating the NASDAQ Stock Market in
U.S. and the
company's London-based MTF, NASDAQ OMX Europe, and as of today
will be
utilized across all NASDAQ OMX equities markets in the world. 

Hans-Ole
Jochumsen, President NASDAQ OMX Nordic said, “This trading system
shift is one
of the biggest infrastructural changes in the history of the
Nordic and Baltic
equities markets.  With INET in place we can offer investors
access to the
world's fastest and most scalable trading system. This will allow
us to grow
volumes and liquidity, which benefits all investors and ultimately
the
regional economies. It will enable us as an exchange and the Nordics
and
Baltic regions to better compete in Europe's increasingly competitive
trading
environment.” 

NASDAQ OMX's INET technology is the most efficient
and scalable trading
platform in the world, with microsecond speeds, and high
reliability and
capacity. The INET system is capable of handling one million
messages per
second at sub-250 microsecond average speeds, the fastest of any
exchange or
alternative trading system in the world. 

Anna Ewing, CIO at
NASDAQ OMX commented, “Combining all our exchanges on a
single trading
platform was one of the key goals when we merged, and now we are
able to fully
leverage significant economies of scale. Moving our seven
exchanges to one
platform in a single roll-out is an accomplishment that is
unrivaled in the
exchange space, and we are delighted to now be able to offer
this
world-leading technology on our Nordic and Baltic markets.” 

Trading system
INET will only be used for cash equities - shares and fund units
- and in
Iceland also for fixed income securities. For fixed income securities
Baltic
and Nordic exchanges will continue to use current trading system
SAXESS.
Trading system change does not affect securities list structure on
Baltic
equities market. 


- # -

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. 


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. 

- # -
CONTACTS:  
The NASDAQ OMX Group,
Inc.

Media Contacts:

Carl Norell
+46 8 405
6639
carl.norell@nasdaqomx.com 


Āris Dreimanis
+371 6721
2431
aris.dreimanis@nasdaqomx.com