NASDAQ OMX Taps BondDesk for Real-Time Pricing Data to Support New Treasury Options Trading NEW YORK, March 6, 2013 (GLOBE NEWSWIRE) -- BondDesk Group LLC and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that BondDesk was chosen by the exchange group to provide the real-time pricing data needed to support the recently launched options on U.S. Treasuries trading on the NASDAQ OMX PHLX^SM (PHLX^®) exchange. BondDesk has licensed its real-time Treasury pricing data to PHLX for use by its member firms and will provide access to the BondDesk ATS for trading the underlying Treasury securities. The BondDesk ATS is the largest odd-lot fixed income trading venue in the United States. PHLX recently launched exchange-traded options on U.S. Treasuries, overlaying the most recently issued "on-the-run" 10-year notes and 30-year bonds which allow investors to hedge interest rate risk with more precision. The new options provide flexible, cost-efficient investment vehicles and may be traded by qualified investors in securities brokerage accounts. BondDesk's real-time Treasury pricing data is used to determine the opening and settlement values of the options and support PHLX's market, regulatory and surveillance operations. "BondDesk was the logical partner for us given their leading position in the retail Treasury market," said Tom Wittman, Head of U.S. Options and Futures at NASDAQ OMX. "The amount of liquidity and trading that takes place on the BondDesk ATS gives us great confidence in the quality of their pricing data which we feel best represents the overall Treasury market." "It's great to have a firm like NASDAQ recognize our prices as a leading benchmark for valuing Treasury bonds," said John Bagley, President of BondDesk Trading. "The BondDesk ATS can also provide an efficient venue for trading the underlying Treasuries. Today the ATS has over $40 billion in live Treasury liquidity and handles trades ranging from $10,000 to as large as $20 million." To obtain the BondDesk benchmark Treasury data and access the BondDesk ATS to trade the underlying securities, please contact Steven Shaw at email@example.com or 212-808-0010. About BondDesk BondDesk Group LLC is a leading financial technology company providing innovative, enterprise-wide fixed income solutions to a community of over 2,000 investment firms, including many of the top broker-dealers in North America. BondDesk's workstation solutions, including its flagship BondWorks^® Wealth Management Platform, enable over 105,000 financial advisors and asset managers to trade bonds with confidence, manage client portfolios and attract new assets. The company's industry-leading advisor workstation, price transparency, portfolio management and compliance solutions empower wealth managers to better service the needs of the investing public. BondWorks is the first financial services solution to win the highly coveted "Best Application Design" award from the Nielsen Norman Group (NNG), one of the world's leading design and usability research and consultancy firms. In addition, the BondDesk Alternative Trading System (ATS), operated by BondDesk Trading LLC, member FINRA and SIPC, provides the BondDesk community with access to an aggregated pool of over 120,000 daily live offerings of odd-lot fixed income securities in a broad range of asset classes. The BondDesk Trading ATS executes approximately 20,000 transactions per day with high fill ratios and price quality. Access to the ATS is subject to review by BondDesk Trading LLC. BondDesk Trading LLC is a wholly-owned subsidiary of BondDesk Group LLC. To learn more, visit www.bonddeskgroup.com, and follow @BondDesk on Twitter. CONTACT: Jade Faugno Intermarket Communications +1 212 754 5425 JFaugno@intermarket.com Nick Lawler Intermarket Communications +1 212 754 5613 firstname.lastname@example.org
NASDAQ OMX Taps BondDesk for Real-Time Pricing Data to Support New Treasury Options Trading
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