HONG KONG MERCANTILE EXCHANGE TO USE NASDAQ OMX PLATFORM

Posted June 25, 2008

STOCKHOLM – The Hong Kong Mercantile Exchange (HKMEx), a new commodity exchange scheduled to launch in the first quarter of 2009, has chosen the Nasdaq OMX Group to provide a trading system tailored for the commodity marketplace.

“In order to create and handle high liquidity and trading volumes on our exchange, we need to operate on a secure and scalable high-end platform,” says Barry Cheung, Chairman, HKMEx. “Our selection of Nasdaq OMX was based on their proven technology as well as their long and successful experience in both the commodity and Asia-Pacific markets.”

The Nasdaq OMX platform promises to support a “fluid and efficient” commodities market for HKMEx, according to Markus Gerdien, Executive Vice President of Market Technology at Nasdaq OMX. “This is a very exciting project for us, and we look forward to supporting Hong Kong and HKMEx in its ambitions to grow and develop the Chinese commodities market,” he says. “The platform will also enable HKMEx to easily introduce new products as they expand their offering.”