NASDAQ OMX to Launch Marketplace Designed for Exchange Traded Products

NASDAQ OMX to Launch Marketplace Designed for Exchange Traded Products

Competitive Programs to Foster Tighter Spreads, Stable Quotes and Deeper
Liquidity in ETPs

NEW YORK, April 29, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ), the world's largest exchange company, today announced that it
will re-launch NASDAQ OMX PSX^(SM) (PSX^(SM)) in an effort to create the
leading marketplace for Exchange Traded Products (ETPs). The price-time
exchange will offer unique market making programs and features designed to
provide robust liquidity to institutional and retail investors. PSX will
re-launch in May 2013 pending approval by the Securities and Exchange
Commission.

Upon re-launch, PSX will offer Registered Market Maker and PSX Supplemental
Liquidity Provider (XLP) designations to participants that undertake an
affirmative quoting obligation on the exchange. These market making programs
will ensure committed liquidity is available by offering superior economics to
participants that meet quoting requirements on a per-security basis. PSX also
plans to introduce an innovative, competitive and transparent Lead Market
Maker program designed to narrow spreads and increase displayed size in ETP
securities. PSX registered market makers may compete for LMM status in ETP
securities and will receive enhanced benefits in exchange for assuming
enhanced liquidity provision obligations. In addition to receiving superior
economics in the ETPs they lead, LMMs will be promoted by PSX to the ETP
issuer and investor communities.

"We're focused on delivering long-term value to investors by significantly
broadening the asset classes we offer to our member firms, and the
establishment of a preeminant marketplace for ETPs supports that effort," said
Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at
NASDAQ OMX. "PSX is a key piece of our larger strategy to better service the
ETP industry with a platform designed to incent high-quality liquidity, market
incentive programs and ETP-specific functionality."

NASDAQ OMX gives market participants the ability to choose from three
different models for U.S. equity trading, including The NASDAQ Stock Market,
NASDAQ OMX BX and now PSX for trading in an ecosystem designed specifically
for ETPs. PSX will use NASDAQ OMX's proven INET technology, enabling market
participants to execute trading strategies across ETPs and other asset classes
with familiar, superior performance.

About NASDAQ OMX:

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process
more than 1 million messages per second at sub-40 microsecond speeds with
99.999% uptime, our technology drives more than 70 marketplaces in 50
developed and emerging countries into the future, powering 1 in 10 of the
world's securities transactions. Our award-winning data products and worldwide
indexes are the benchmarks in the financial industry. Home toover 3,300
listed companies worth $6 trillion in market cap whose innovations shape our
world, we give the ideas of tomorrow access to capital today. Welcome to where
the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century.
To learn more, visit nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

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 NASDAQ OMX PSX andNASDAQ OMX'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'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.

NDAQG

CONTACT: NASDAQ OMX Media Contact:
         Robert Madden
         +1 (646) 441-5045 (office)
         +1 (347) 740-0191 (mobile)
         Robert.Madden@NASDAQOMX.com

company logo
 
Press spacebar to pause and continue. Press esc to stop.