DGAP-News: Dhaka Stock Exchange Selects NASDAQ OMX's X …

DGAP-News: Dhaka Stock Exchange Selects NASDAQ OMX's X …

DGAP-News: The NASDAQ OMX Group, Inc. /
Dhaka Stock Exchange Selects NASDAQ OMX's X-stream INET Trading
Technology

23.03.2014 / 23:01

---------------------------------------------------------------------

Bangladesh's Premier Exchange to Upgrade Trading System to Further Increase
Regional and International Investor Demand 

NEW YORK and DHAKA, Bangladesh, 2014-03-23 23:01 CET (GLOBE NEWSWIRE) --
Dhaka Stock Exchange (DSE) and NASDAQ OMX (Nasdaq:NDAQ) have signed an
agreement for NASDAQ OMX to deliver its industry leading trading technology,
X-stream INET, to Dhaka Stock Exchange, as the exchange company looks to expand
its business regionally and globally, and boost the power and resiliency of its
trading system. 

'It is an honor to have been selected by Dhaka Stock Exchange, the premier
exchange in Bangladesh, to provide it with our world leading trading system,
X-Stream INET,' said Robert Frojd, Managing Director and Regional Manager,
South Asia, Southeast Asia and Pacific, NASDAQ OMX. 'We look forward to a long
and successful relationship with Dhaka Stock Exchange and supporting its
business development plans in this fast-growing and dynamic part of the world.' 

To meet today's increasing investor activity in Bangladesh, DSE--which has 250
brokering intermediaries, around four million CSD investor accounts and having
processed around 400,000 equity trades per day--is embarking upon its next stage
of development of which upgrading the trading system is an integral part. Prior
to selecting NASDAQ OMX, the DSE leadership led a comprehensive and rigorous
process of consultation of all stakeholders including presentations to the
entire broking community and the Bangladesh Securities and Exchange Commission. 

'We are pleased to partner with NASDAQ OMX in upgrading our trading platform
after a very extensive selection process,' said Professor Swapan Kumar Bala,
FCMA, Managing Director, Dhaka Stock Exchange. 'As a pivotal player in the
economic development of the country, DSE is dedicated to providing the world's
finest trading technology to our marketplace and all the participants within.' 

NASDAQ OMX's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 80 marketplaces across USA,
Europe, Asia, Australia, Africa and Middle East. 

About NASDAQ OMX

NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. NASDAQ OMX is home to more than 3,200 listed
companies with a market value of over $8 trillion and more than 10,000
corporate clients. To learn more, visit 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, and its 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. 

NDAQG


         CONTACT: NASDAQ OMX Media Contact:
         Ryan Wells
         [email protected]
         +1 (212) 231-5541 (office)
         +1 (646) 581-4286 (mobile)
News Source: NASDAQ OMX


End of Corporate News

---------------------------------------------------------------------

23.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                     
Company:     The NASDAQ OMX Group, Inc.  
 
 
             United States               
ISIN:        US6311031081                
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
259006 23.03.2014

Read the article – 

DGAP-News: Dhaka Stock Exchange Selects NASDAQ OMX's X …

Share this post

Comments (0)