STOCKHOLM, Sweden, Mar 9, 2009 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has reached a milestone together with its long standing customer Indonesia Stock Exchange (IDX) following last week's successful launch of a new trading system provided by NASDAQ OMX Market Technology.
The new platform named "JATS-NextG" has modernized IDX's trading operations. It will replace the two trading systems previously used at Jakarta and Surabaya Stock Exchanges, which in 2007 merged to form IDX. With JATS-NextG, IDX will be able to trade all its financial products, including equities, derivatives, mutual funds and bonds, on one single platform. The system also enables significantly increased trading volume and has greater flexibility to accommodate the fast growing and dynamic Indonesian market.
"The aim of the new system was to meet the future needs of the Indonesia capital market and to maintain proper, efficient and orderly trading. To meet with future demands, the JATS-NextG is designed to handle up to 1,000,000 orders and 500,000 transactions per day, a much bigger capacity compared to the previous system that could handle 360,000 orders and 200,000 transactions per day. The new system also facilitates the trading of all financial products in one platform and enables an integrated distribution of trading information and surveillance on all products traded in the Exchange," said Mr. Erry Firmansyah, President Director of IDX.
"We are proud to list IDX among our customers and we look forward to support them in their future growth," said Lars Ottersgard, Senior Vice President & Head of Market Technology at NASDAQ OMX. "We believe in the growth potential of the Indonesian capital markets. The recent successful launch further strengthens IDX's ability to support the development of the Indonesian market and to increase liquidity for its members and institutions. In addition, this launch strengthens NASDAQ OMX's presence in the Asia Pacific region, where our technology today powers 12 exchanges."
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, with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://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'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. There can be no assurance that the FSA will give the NASDAQ OMX applicant the authorization and permissions which it seeks.
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SOURCE: The NASDAQ OMX Group, Inc.
The NASDAQ OMX Group, Inc. Carl Norell +46 8 405 66 39 firstname.lastname@example.org
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