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Wednesday, March 19, 2008

Equity Trader Alert #2008 - 31
NASDAQ OMX Plans to Launch a Pan-European Market

Please Route To:

Head Traders; Technical Contacts; Compliance Officers; Buy-Side Contacts; Options Contacts

What you need to know:

  • The NASDAQ OMX Group, Inc. plans to launch a new Pan-European market.
  • This new market will serve customers seeking a highly liquid trading and routing platform for the most actively traded European stocks.
  • The market is scheduled to launch in September 2008 subject to regulatory approvals.

Who you should contact:

What is the NASDAQ OMX Pan-European Market?

On Wednesday, March 19, 2008, The NASDAQ OMX Group, Inc.SM announced the launch of the new NASDAQ OMX Pan-European Market. The Pan-European Market will serve customers seeking a highly liquid trading and routing platform for the most actively traded European stocks.

The NASDAQ OMX Pan-European Market will support best execution in high volume securities trading in a cross-border, multi-market environment. Share trading will be offered in the constituents of all leading European indexes including equities listed in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Sweden, Switzerland and the U.K.

The NASDAQ OMX Group is the first platform to connect major European trading centers through a sophisticated Pan-European routing system. The combination of a high performance trading system with order routing to other markets and trading platforms makes The NASDAQ OMX Pan-European Market a new concept in European trading.

How will orders be executed?

Displayed and non-displayed orders will be handled in one composite book. This gives professional traders a wide range of execution options with the ability to control market impact. Clearing will be handled through a pan-European clearing facility and settlement will be done locally.

When will the Pan-European Market launch?

The NASDAQ OMX Pan-European Market will launch in September 2008, subject to regulatory approvals. At the time of launch, the market will trade the top 300 most actively traded European blue chip stocks.

Who will benefit from the launch of the NASDAQ OMX Pan-European Market?

Issuers, members, information vendors and investors around the world will benefit from this new market. Securities trading will move towards higher volumes and transactions will be executed at sub-millisecond transaction speeds — the fastest in the industry.

Which technology platform will the Pan-European Market utilize?

By utilizing the INET technology platform that has made NASDAQ the largest U.S. electronic stock market, NASDAQ OMX Pan European Market will deliver sub-millisecond transaction speeds — the fastest in the industry. The NASDAQ platform is proven in handling trading volumes of more than six billion shares daily and routinely handles over 250,000 transactions per second. This will set a new standard for cross border trading in Europe.

Who can I contact for additional information?


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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 the proposed equity and index options market and its benefits. 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's control. These factors include, but are not limited to factors detailed in NASDAQ'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.