Asia Pacific Stock Exchange Selects NASDAQ OMX's X
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SYDNEY and NEW YORK, June 11, 2014 (GLOBE NEWSWIRE) -- Asia Pacific Stock Exchange (APX) and NASDAQ OMX (Nasdaq: NDAQ ) have signed an agreement for NASDAQ OMX to deliver its industry leading trading technology, X-stream, as well as Genium FIX, to Asia Pacific Stock Exchange to power its APeX® trading platform, the new rapidly growing securities exchange that is a bridge for capital, knowledge, deals and investor flows between Asia and Australia. The trading system is expected to go live in late 2014.
"APX is revolutionizing the way Asian capital, especially China, is accessed," said George Wang, Deputy Chairman, APX. "By tapping NASDAQ OMX to provide our trading technology, we are selecting a platform with proven capabilities to offer multi-asset classes, indexes, high capacity and the FIX infrastructure that offers local and overseas participants standardized, reliable, stable and fast communication. We are proud to be offering our customers an industry-leading trading platform that matches our growth ambitions, making our operational capabilities limitless."
"We are proud to be selected to work with APX as it expands and prepares for long-term growth," said Lars Ottersgård, Senior Vice President, Market Technology, NASDAQ OMX. "Being a facilitator for greater capital flows and linking business between Australia and Asia is incredibly important. We look forward to partnering with APX in offering a platform which promotes access to institutional and retail investors alike."
"We are very pleased to partner with NASDAQ OMX in upgrading our trading platform," said David Lawrence, Chief Operating Officer, APX. "The X-stream system will allow new functionality to be adopted and the expansion of the APX market. By offering our service through a widely distributed, high performance platform APX has demonstrated that we are committed to providing the sophisticated trading infrastructure required to reach into the broader Asian region that reinforces APX as a competitive alternative Australian listing and trading venue."
APX is seeking to differentiate itself from other exchanges in a number of ways. These include attracting a large number of investors from Asia—specifically in Greater China—to trade on the APX market, targeting growth companies (with competitive listing fees), adopting a multilingual approach (starting with English and Chinese) in the trading and information platform, as well as customer service. And most importantly, APX is dedicated to implementing a high degree of market transparency and integrity.
"The X-stream system and its connectivity suites will set us for many competitive situations and allow new functionality, products and initiatives to be adopted over the coming years," said Sharmila Hegde, Head of Operations and Technology, APX.
NASDAQ OMX's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East.
About Asia Pacific Stock Exchange (APX)
The Asia Pacific Stock Exchange (APX) is a securities exchange based in Sydney, Australia, having held a market operator's licence since 2004. APX provides opportunities for growth oriented companies in Australia and Asia to raise the capital they need for expansion from a diversified range of domestic and international investors in the Asia-Pacific region. APX will offer Australian companies a new alternative listing and trading venue, and Chinese market participants an alternative listing and trading venue to the Shanghai and Shenzhen stock exchanges in China.
APX is a multi-cultural and multi-lingual exchange working with its partners to expand its representative reach in Beijing, Shenzhen and Shanghai, further building on its strong understanding of both Chinese and Western financial and capital markets. More information at www.apx.com.au .
APX is a wholly owned subsidiary of the AIMS Financial Services Group, an Australian diversified financial services and investment group, active in the areas of mortgage lending, securitisation, corporate advice, funds management, property investment and high-tech investment. More information at www.aims.com.au .
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.
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Asia Pacific Stock Exchange Media Contact: Joseph Law Director - Business Development & Marketing Asia Pacific Exchange Limited Tel: 61(2) 9217 2705 Email: Hugh Fraser FCC Partners Tel: 0412 677 081 Email: NASDAQ OMX Media Contact: Ryan Wells +1 (212) 231-5541 (office) +1 (646) 581-4286 (mobile)