NASDAQ PLANS CO-LOCATION FOR EUROPEAN MARKET DATA IN LONDON

Posted June 26, 2008

LONDON – The Nasdaq OMX Group has launched proximity services (or “co-location”) to provide high-speed connectivity into its London data center for participants on its pan-European Nasdaq OMX Europe market.

“Our proximity services allow customers to physically place their trading systems next to our matching engine, which removes any latency associated with external networks,” says Chris Concannon, Executive Vice President, Transaction Services, Nasdaq OMX Group. “We are looking to provide our customers with a range of choices in how they connect to our market. This product is another connectivity option designed to meet the needs of high performance traders.”

Earlier in June, Nasdaq OMX Europe began customer testing, in preparation for a planned September opening with about 300 of the most actively traded European blue-chip stocks. Nasdaq OMX Europe will connect European liquidity pools with pan-European routing and enable best execution in high volume securities trading in a cross-border multi-market environment.