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The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) LONDON, Sept. 3, 2008 (GLOBE NEWSWIRE) -- NASDAQ OMX Europe today announced its revised pricing structure ahead of its launch as a new Multilateral Trading Facility (MTF) on the 26th of September.
NASDAQ OMX Europe's pricing will consist of two pricing models -- one for routing orders and one for matching orders. The routing technology will allow participants to send orders to NASDAQ OMX Europe's order book, which if unmatched, will route out to other MTFs and exchanges for execution.
This will make it less expensive for most professional firms, as well as those firms who do not already have access to the European primary markets and MTFs, to trade through NASDAQ OMX Europe. The revised routing pricing will include an all inclusive fee of 0.65 basis points (bps) to trade on the London Stock Exchange.
Charlotte Crosswell, President of NASDAQ OMX Europe commented, "We are excited to launch an aggressive pricing strategy that will, in most cases, make it less expensive to route an order through our market than to trade directly on the primary markets. By routing through NASDAQ OMX Europe, we will offer the opportunity to access liquidity on our own order book as well as a greater likelihood of gaining best execution and price improvement at a lower cost."
The pricing for matching orders will follow a "maker/taker" model which will see it provide a rebate of 0.2 bps of the order value for participants who add liquidity on the market by posting sale or purchase orders on the book, and charge 0.3 bps for participants who remove liquidity from the market, or match orders on the book.
Full details of the NASDAQ OMX Europe pricing structure can be seen on the website at: www.nasdaqomxeurope.com/participation/fee_schedules.
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.
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.
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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