NEW YORK, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Montgomery College recently secured a three-year grant for the NASDAQ OMX Educational Foundation Endowed Scholarship, which the foundation established in 2008 with an initial grant from the exchange group. The scholarship supports students in the Gordon and Marilyn Macklin Business Institute (MBI) honors program. To date, 16 students have benefited from the scholarship.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=22483
The grant is the third commitment from the NASDAQ OMX Educational Foundation for the endowed scholarship. All three grants were made in memory of the late Gordon Macklin, the former president of the National Association of Securities Dealers (NASD) and founder of the NASDAQ Stock Market. The current NASDAQ OMX Educational Foundation grant also is part of the Gordon and Marilyn Macklin Foundation's $750,000 challenge grant, which created a dollar-for-dollar matching challenge of up to $750,000 in gifts and pledges to support the MBI program.
"Montgomery College is so thankful for the generosity and partnership with the NASDAQ OMX Educational Foundation," said Dr. DeRionne Pollard, president of Montgomery College. "Scholarship support ensures that our honors business students will complete their degrees and become our future business and community leaders."
"We are thrilled to support the education of young business leaders who are top performers in the Macklin Business Institute. These students will follow Gordon Macklin's footsteps to someday contribute to the growth of our economy and the evolution of our capital markets system," said Joan Conley, Senior Vice President and Corporate Secretary at The NASDAQ OMX Group. "It is our pleasure to support Montgomery College and their future business leaders to make business curriculum a strategic priority."
Through Gordon and Marilyn Macklin's generosity, Montgomery College established the MBI program in 1999. The innovative business program consists of honors coursework, internships, seminars, a student-run business, and community service opportunities. The program offers a one-year option for sophomore students and a two-year option for recent high school graduates. Graduates transfer to some of the country's top business schools. On January 5, 2011, five recipients of the NASDAQ OMX Educational Foundation Endowed Scholarship visited the NASDAQ MarketSite in New York City's Times Square, and rang the NASDAQ Closing Bell to launch the partnership.
For more information about the Macklin Business Institute at Montgomery College, contact Brian Baick, interim program director, at 240-567-1707 or visit http://www.montgomerycollege.edu/macklin/.
About Montgomery College:
Montgomery College is a public, open admissions community college with campuses in Germantown, Rockville, and Takoma Park/Silver Spring, plus workforce development/continuing education centers and off-site programs throughout Montgomery County, Md. The College serves nearly 60,000 students a year, through both credit and noncredit programs, in more than 130 areas of study.
About The NASDAQ OMX Educational Foundation:
The mission of The NASDAQ OMX Educational Foundation is to promote learning about capital formation, financial markets and entrepreneurship through innovative educational programs. It was established in New York City in 1994 and is supported entirely by contributions from The NASDAQ OMX Group, Inc.
About NASDAQ OMX:
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 26 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 3,400 listed companies worth $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 nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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 FinQloud and NASDAQ OMX's other 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.
The photo is also available via AP PhotoExpress.
Montgomery College Media Contacts: Elizabeth Homan +1 (240) 567-7970 Marcus Rusano +1 (240) 567-4022 NASDAQ OMX Media Contact: Robert Madden +1 (646) 441-5045 (office) +1 (347) 740-0191 (mobile)