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The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) LONDON, Sept. 1, 2008 (GLOBE NEWSWIRE) -- NASDAQ OMX Europe today announced that it has entered into a partnership with Citi to provide routing broker services.
This partnership will enable NASDAQ OMX Europe to become the first MTF to offer a pan-European order routing service. In addition to providing market participants with access to the NASDAQ OMX Europe order book, the partnership with Citi will also enable customers to access multiple pools of liquidity across Europe.
Citi will provide its intelligent high-speed execution platform including the Neonet XG Market Gateway product.
"As a provider of market-leading electronic execution products for both the buy- and sell-side it is a privilege to be selected as the routing broker for NASDAQ OMX Europe," said Richard Evans, Global Head of Electronic Execution at Citi. "We continue to develop innovative solutions for our clients in the rapidly evolving post MiFID landscape."
"By partnering with Citi we will offer efficient, fast, and low-cost routing through NASDAQ OMX Europe to European primary markets and other MTFs," said Charlotte Crosswell, President of NASDAQ OMX Europe. "We will offer participants the ability to access markets throughout Europe through a single connection."
ABOUT NASDAQ OMX EUROPE
NASDAQ OMX Europe will enable best execution in high volume securities trading in a cross-border, multimarket environment. The market, which will be the first platform to connect European liquidity pools with Pan-European routing, is scheduled to launch in September 2008. Following the launch of NASDAQ OMX Europe will trade approximately 700 securities including constituents of the main European indices, ETFs and other highly liquid securities. The NASDAQ OMX trading platform is recognized as the fastest in the industry with peak trading speeds of 250 microseconds. The launch of NASDAQ OMX Europe is subject to FSA approval. For more information about NASDAQ OMX Europe, visit www.nasdaqomxeurope.com.
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from Nasdaq OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
The above information is being provided solely for information purposes by Citi. At the time of publication, this information was believed to be accurate, but Citi makes no representation or warranty as to the correctness of the information set forth above. The above information does not constitute a recommendation, solicitation or offer by Citi for the purchase or sale of any securities, nor shall this material be construed in any way as investment or legal advice or a recommendation, reference or endorsement by Citi.
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. There can be no assurance that the FSA will give the NASDAQ OMX applicant the authorization and permissions which it seeks.
NDAQG
CONTACT: The NASDAQ OMX Group, Inc. Media Contacts: Bethany Sherman (212) 401-8714 bethany.sherman@nasdaqomx.com Jonas Rodny +46(8)4057267 jonas.rodny@nasdaqomx.com
Citi Ian Villiers, Press Office +44(0) 207 986 5607 ian.villiers@citi.com