NASDAQ OMX TO PARTNER WITH OSAKA SECURITIES EXCHANGE

 

Posted February 4, 2009

 

NEW YORK and OSAKA – The Nasdaq OMX Group Inc. and Osaka Securities Exchange Co. Ltd. (OSE) are partnering to use Nasdaq’s services to further develop OSE’s market model, seeking to increase volumes in its cash and derivatives markets.

 

“We look forward to cooperation with Nasdaq OMX, a premier global exchange offering a wide range of services, to provide opportunities benefiting not only Japanese investors but also global investors,” says Michio Yoneda, President and CEO of the OSE. “This partnership can contribute to the development of the Japanese growth market by leveraging Nasdaq OMX’s experience in providing services to listed companies and market participants.”

 

Other potential areas of cooperation involve the exchange of market information, exchange of staff, and dual-listing opportunities. The parties will also collaborate on defining technology requirements for OSE’s next-generation trading platform for derivative products scheduled for launch in 2010.

 

“We are honored and excited to form a partnership with one of the leading derivatives exchanges in the world,” says Magnus Böcker, President of Nasdaq OMX. “We look forward to working closely with OSE in order to grow efficiency and liquidity at its exchange, and define mutually rewarding business opportunities. Moreover, this partnership provides us with a direct channel to the Japanese securities market, allowing us to expand our presence and reach in this important region.”

 

   
     

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