STOCKHOLM and BANGKOK, Oct. 12, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has signed an agreement with the Stock Exchange of Thailand (SET) that extends their relationship for a further five years. Under the terms of the agreement, NASDAQ OMX will continue to support the integrated trading and clearing platform of the Thailand Futures Exchange (TFEX). The system was implemented five years ago and TFEX, a wholly owned subsidiary of the SET, started its trading in 2006.
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"TFEX has experienced an impressive growth over the past few years, thanks in large part to our technology partnership with NASDAQ OMX. This partnership has enabled TFEX to provide efficient and reliable service to investors. Under the extended agreement, NASDAQ OMX will support TFEX in providing night trading sessions and new commodity-based products, enabling the SET to a wider variety of products and services to investors", said SET President Charamporn Jotikasthira.
"Extensions of existing agreements are the best proofs of concept that we as a technology partner can get. We are looking forward to continuing our cooperation with SET as well as exploring other joint opportunities or areas of cooperation", said Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology.
About The Stock Exchange of Thailand (SET)
The Stock Exchange of Thailand (SET) was established and began securities trading in 1975. It stands at the center of Thailand's capital market, and is a thriving and dynamic exchange offering a full range of products, services and trading infrastructure for investors, listed companies and other participants. In addition, SET has subsidiaries overseeing particular business areas. The Thailand Futures Exchange PCL (TFEX), one of the SET's subsidiaries, was established in 2004 to be a center of derivatives trading. Its products include SET50 Index futures and options, single stock futures and gold futures. TFEX currently has 41 members, which are local and international brokerage house.
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 3,600 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, please visit: .
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 no 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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