Brady facilitates automated trade entry and reconciliation with Nasdaq OMX


Brady plc (BRY.

via Pocket http://www.bobsguide.com//guide/news/2013/Jul/17/brady-facilitates-automated-trade-entry-and-reconciliation-with-nasdaq-omx.html July 17, 2013 at 07:40PM

NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance


NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance
Press Release: The NASDAQ OMX Group, Inc. – Tue, Jul 9, 2013 10:05 AM EDT

http://finance.yahoo.com/news/nasdaq-omx-ngx-announce-u-140503566.html

NEW YORK and CALGARY, July 9, 2013 (GLOBE NEWSWIRE) — NASDAQ OMX Commodities and Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that they have entered into a strategic alliance (the Alliance). The Alliance involves the NASDAQ OMX US physical energy entity, NASDAQ OMX Commodities Clearing Company (NOCC), a wholly-owned subsidiary of The NASDAQ OMX Group, Inc., and the physical energy exchange and clearinghouse of NGX, which serves more than 250 contracting parties in the US and Canada.
Together NGX and NOCC will provide a premier solution for transacting in physical energy in the US, helping customers maximize collateral efficiency, and enabling increased transparency and market liquidity. The Alliance will leverage NGX’s established US natural gas trading and clearing expertise combined with NOCC’s physical power know-how. NGX will offer trading and clearing services for the Alliance and NOCC will contribute account management, product development, and scheduling resources.
“Adding physical power products with an established organization such as NOCC is a natural addition to our successful physical natural gas business in the US,” said Jim Oosterbaan, President of NGX. “We expect this Alliance to help new and existing NGX customers to improve their liquidity and collateral efficiencies through cross commodity netting.”
“NGX is strategically aligned with our physical power business and their complementary natural gas products present a great opportunity to leverage our combined experience and capability in this unique regulatory environment,” said Magnus Haglind, Head of US Commodities for NASDAQ OMX.
Subject to regulatory approval, NGX, a recognized exchange and clearing agency in Canada and a registered U.S. Foreign Board of Trade and Derivative Clearing Organization, will list and clear physical power futures contracts based on NGX’s existing US physical natural gas futures contracts. As a result, contracting parties will benefit from:
Collateral efficiencies under existing NGX margining rules via spread credits and cross-commodity netting
Regulatory certainty
Improved liquidity and distribution in Canada and the U.S.
Introduction of physically cleared power products to WebICE through NGX’s alliance with the InterContinental Exchange, Inc.
NGX expects to list the physical power futures contracts in September in concert with the novation of NOCC’s remaining physical power contracts to NGX. The NGX physical power futures will initially be listed exclusively for the ERCOT (Texas) market, expanding later into the WECC region.
About TMX Group (TSX:X)
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
About NASDAQ OMX Group
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 23 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 99.99+% 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 3,300 listed companies worth more than $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 http://www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About NASDAQ OMX Commodities Clearing Company
NASDAQ OMX Commodities Clearing Company provides trading opportunities to its physical power and natural gas trading counterparties, supported by sophisticated credit and risk management operations. It is part of NASDAQ OMX Commodities, which is a trademark of the NASDAQ OMX Group, Inc.
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.

NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NOS Clearing ASA is the leading clearing house for the freight market and a specialist clearing provider to the commodities markets. The company is wholly owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in Oslo, has more than 300 members.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. 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, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at http://www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Borsa Istanbul partners with Nasdaq OMX


Nasdaq OMX has signed an agreement to bolster Turkey’s Borsa Istanbul and turn it into a major trading hub. Under the partnership agreement, Nasdaq OMX will provide Borsa Istanbul with an extensive range of its technology and the two will actively collaborate in the region.

via Pocket http://www.thetradenews.com/news/Regions/Europe/Borsa_Istanbul_partners_with_Nasdaq_OMX.aspx July 03, 2013 at 07:11PM

The Iraq Stock Exchange Upgrades to NASDAQ OMX’s X-Stream Technology


NEW YORK and BAGHDAD, Iraq, June 28, 2013 (GLOBE NEWSWIRE) — The NASDAQ OMX Group (NDAQ) has entered an agreement with the Iraq Stock Exchange (ISX) to upgrade its current trading platform.

via Pocket http://finance.yahoo.com/news/iraq-stock-exchange-upgrades-nasdaq-110000449.html July 01, 2013 at 06:56PM

TMX Atrium expands alternative asset class community through SuperDerivatives connection


 TMX Atrium expands alternative asset class community through SuperDerivatives connection 
 

 LONDON, 12 June 2013 – TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced the connection of SuperDerivatives to NASDAQ OMX’s London-based trading venue, NLX.

 

SuperDerivatives, a market data and derivatives technology company, originally connected to TMX Atrium via VPN (Virtual Private Network) for rapid access to NASDAQ OMX NLX. Enabling rapid access to the NLX platform allowed SuperDerivatives to develop market data feed tests from NASDAQ OMX NLX, aiding early price formation and bringing a greater level of transparency to the major traded derivative classes. SuperDerivatives has now added connectivity using the TMX Atrium platform in both London and New Jersey for production purposes.

 

Emmanuel Carjat, Managing Director, TMX Atrium said, “We are delighted that SuperDerivatives, a major ISV operating in multiple derivatives markets, has joined TMX Atrium’s fast-growing community of venues, buy-side participants, ISVs, market data vendors and clearing houses. TMX Atrium’s sole focus on servicing the needs of the financial services community and its ability to deliver flexible connectivity supported SuperDerivatives’ access into the NASDAQ OMX NLX venue using their existing infrastructure.”

 

Yuval Levy, Chief Technology Officer, SuperDerivatives added, “We were impressed by TMX Atrium’s capability to connect SuperDerivatives quickly and easily and allow interconnectivity into NASDAQ OMX during the development phase. We look forward to working with TMX Atrium and enhancing their community’s data for alternative asset classes, especially derivatives.”
 
  

 

Nasdaq Dubai initiates Islamic bonds trading platform


Nasdaq Dubai initiates Islamic bonds trading platform

Published on   May 28, 2013
http://www.atmonitor.co.uk/news/newsview.aspx?title=nasdaq-dubai-initiates-islamic-bonds-trading-platform

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NASDAQ Dubai, the Middle East’s international financial exchange, is preparing to open a platform on which investors can trade Sukuk (Islamic bonds) and conventional bonds.

Trades will be automatically and exclusively routed for settlement at Euroclear Bank. The tradable securities will initially comprise at least 12 Sukuk and bonds that are listed on the exchange, with a nominal value of 10.9 billion dollars.

The platform will be available to institutional and high-net worth investors and will be opened and gradually developed in coming weeks.

Essa Kazim, Chairman of Borse Dubai, the holding company for Dubai’s stock exchanges, said: “The new platform is a natural extension of Dubai’s existing role as a centre for Sukuk and bond issuance and listing. NASDAQ Dubai will offer an efficient trading venue to participants from the region and around the world, providing fresh impetus to the growth of the capital markets in the UAE and the region.”

Tim Howell, Chief Executive Officer of Euroclear, commented: “Euroclear Bank’s proven post-trade infrastructure will complement NASDAQ Dubai’s new platform, helping issuers gain access to the largest and most diverse community of global trading counterparties. Our commitment to Dubai and the Middle East region will be strengthened further by this new relationship with NASDAQ Dubai.”

Hamed Ali, Acting Chief Executive of NASDAQ Dubai, said: “The opening of the platform will be an important step in Dubai’s growth as a global leader in innovation in the Sukuk and bond sectors. We look forward to creating further depth in the fixed income market and will collaborate with investors and other participants to steadily develop and enhance the platform.”

The platform will open with links to leading UAE and international financial services institutions, creating a first class trading and settlement infrastructure.

For the first time, prices of NASDAQ Dubai-listed Sukuk and bonds will be visible to all investors simultaneously on the same screen-based system, through the exchange. This will increase transparency and efficiency in the secondary market as well as promoting liquidity.

Curreently the Sukuk and bonds are tradable through banks offering investors different trading structures and different prices (known as ‘over the counter’ trading).

The NASDAQ Dubai platform will expand investor choice and aims to bring new participants into the market. A number of NASDAQ Dubai Members have already signed up to the new platform in order to offer Sukuk and bond trading to their clients and other Members are preparing to do so.

NASDAQ OMX Successfully Delivers SMARTS to Financial Conduct Authority (FCA) to Enhance Market Surveillance Capabilities


NEW YORK and LONDON, May 14, 2013 (GLOBE NEWSWIRE) — The NASDAQ OMX Group, Inc.

via Pocket http://www.nasdaq.com/article/nasdaq-omx-successfully-delivers-smarts-to-financial-conduct-authority-fca-to-enhance-market-surveillance-capabilities-20130514-00343 May 15, 2013 at 07:03PM

MarketPrizm Provides Low Latency Data And Access For NASDAQ OMX NLX


MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it will provide market data and execution connectivity across Europe for NASDAQ OMX NLX (“NLX”).

via Pocket http://www.mondovisione.com/media-and-resources/news/marketprizm-provides-low-latency-data-and-access-for-nasdaq-omx-nlx/ May 11, 2013 at 05:12PM

Nasdaq OMX Nordic launches low-latency risk checks


A new pre-trade risk management tool for listed derivatives trading will shift risk checking to the exchange level and reduce latency for market participants, according to Nasdaq OMX Nordic.

via Pocket http://thetradenews.com/news/Asset_Classes/Derivatives/Nasdaq_OMX_Nordic_launches_low-latency_risk_checks.aspx May 11, 2013 at 04:42PM

NASDAQ OMX and World Steel Exchange Marketing Announce Strategic Partnership


NEW YORK, May 6, May 06, 2013 (GLOBE NEWSWIRE via COMTEX) — The NASDAQ OMX Group, Inc. /quotes/zigman/86035/quotes/nls/ndaq NDAQ +0.

via Pocket http://www.marketwatch.com/story/nasdaq-omx-and-world-steel-exchange-marketing-announce-strategic-partnership-2013-05-06 May 07, 2013 at 06:48PM

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