NEW YORK, April 8, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has announced that Brian Hyndman will leave his post as Senior Vice President of Transaction Services U.S. to assume the role of Senior Vice President of Global Data Products, effective April 15, 2011. In addition, NASDAQ OMX appointed David LaValle as Vice President of Transaction Services U.S. in a newly created position overseeing NASDAQ OMX's exchange traded fund (ETF) business.
Mr. Hyndman will be tasked with leading NASDAQ OMX's Global Data efforts from both the sales and product development side. Reporting to Hans-Ole Jochumsen, Executive Vice President of NASDAQ OMX Transaction Services Nordics and Global Data Products, Hyndman will focus on both international and domestic data constituents.
"For the past seven years, Brian has done a phenomenal job running the sales team for the U.S. Transaction Services business while launching successful and innovative products such as our Opening and Closing Crosses and new trading platforms like NASDAQ OMX BX and NASDAQ OMX PSX. Brian was instrumental in these efforts which have contributed to a new market structure and a more competitive U.S. trading landscape," commented Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX. "The transition to run the Global Data Products sales team is a natural fit for Brian and I am certain customers will benefit from his business experience and hands-on customer focus."
David V. LaValle was appointed to oversee the ETF trading business and will focus on furthering the listing of ETFs while working with the market making community along with the many strategic constituents that interface with exchange traded funds. David will be working across the various NASDAQ OMX business lines including the NASDAQ OMX Indexing, Listing, Capital Markets and Trading businesses. Mr. LaValle reports to Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX.
"Furthermore, I am excited about Mr. LaValle's new position focused on the ETF business. David joins NASDAQ OMX with over 11 years of capital markets experience in national exchange and broker dealer environments. Most recently, David was a Managing Partner at Kellogg Group, overseeing the firm's NYSE Amex Equity Unit in addition to filling various operational roles and we are certain that he will be instrumental in growing and managing all aspects of the ETF trading business for NASDAQ OMX," Noll added.
The NASDAQ OMX Transaction Services sales team will report to Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX until the Senior Vice President role is filled.
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 approximately 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, visit . Please follow NASDAQ OMX on Facebook () and Twitter ().
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 The NASDAQ Stock Market and NASDAQ OMX Group'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 Group's control. These factors include, but are not limited to factors detailed in NASDAQ OMX Group'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.
CONTACT: Media Contact: Silvia Davi, NASDAQ OMX +1 646 441 5014 Silvia.Davi@NASDAQOMX.com Investor Relations Contact: Vincent Palmiere, NASDAQ OMX +1 301 978 5242 Vincent.Palmiere@nasdaqomx.com