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The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) Joins the S&P 500 Index in the 5/25 Club
NEW YORK, Sept. 16, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group (Nasdaq:NDAQ) today announced that futures contracts based on the NASDAQ-100 Index(r) have crossed the 5/25 milestone -- 500 million contracts traded/$25 trillion in notional value. Moreover, trading of futures on the NASDAQ-100 Index is fast approaching 600 million contracts worth over $25 trillion in notional value on the Chicago Mercantile Exchange.
The NASDAQ-100 and the S&P 500 are the only indexes with contracts traded on the U.S. futures markets to cross this important threshold.
"Achieving this important milestone reinforces the NASDAQ-100 Index as a tremendously relevant benchmark for investors and market professionals around the world," said John Jacobs, Executive Vice President, NASDAQ OMX Global Financial Products (GFP), speaking at the Chicago Mercantile Exchange's Global Financial Leadership Conference in Naples, FL. "Amid continuous change in the global financial marketplace, the NASDAQ-100 Index has consistently been a key and reliable indicator of market activity in the investment and economic communities."
The NASDAQ-100 Index is the benchmark for over 600 NASDAQ-branded products sold in 36 countries, including PowerShares QQQ(tm) (Nasdaq:QQQQ), one of the most actively traded ETFs in the world and one of the most heavily traded listed equity securities in the U.S. based on average daily trading volume. The NASDAQ-100 Index is also the basis for the NASDAQ-100 Index European Tracker(r), available only to investors in certain European countries.
Established in 1985, the NASDAQ-100 Index includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market(r) (NASDAQ(r)) based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. For more information about the NASDAQ-100 Index, visit www.nasdaq.com/indexes/.
About NASDAQ OMX Global Financial Products
NASDAQ OMX Global Financial Products (GFP) is engaged in the design, development, calculation, licensing and marketing of NASDAQ OMX indexes. GFP specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth and globalization. NOGFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes.
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, 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 70 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.
NASDAQ(r) and NASDAQ-100 Index(r) are registered trademarks of The NASDAQ OMX Group, Inc. (which, with its affiliates and subsidiaries, is collectively "NASDAQ OMX") and are licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based upon the NASDAQ-100 Index have not been passed on by NASDAQ OMX as to their legality or suitability, and such contracts are not issued, endorsed or sold by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO NASDAQ-100 FUTURES CONTRACTS.
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.
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CONTACT: NASDAQ OMX Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.Com