Philippine Stock Exchange Selects NASDAQ OMX's X-stream Trading Technology
One of the ASEAN Region's Fastest Growing Markets Looks to Increase Its
Trading Capabilities and Offerings
MANILA, Philippines and NEW YORK, June 30, 2014 (GLOBE NEWSWIRE) -- The
Philippine Stock Exchange, Inc. (PSE) and NASDAQ OMX (Nasdaq:NDAQ), have
signed an agreement for NASDAQ OMX to deliver its industry-leading trading
technology, X-stream Trading, to PSE. The new system will power PSE's trading
platform, which currently trades equities and ETFs. X-stream Trading, which
will replace the current platform, is expected to go live in mid-2015.
"We are delighted to partner with NASDAQ OMX for this important undertaking,"
said Hans B. Sicat, PSE President and CEO. "As the operator of the stock
market, we need to ensure that we continue to provide the best and most
responsive technology for all our stakeholders and we believe the solution
provided by NASDAQ OMX is consistent with this objective."
"We are dedicated to supporting PSE as they evolve and expand their business
to better serve the market participants in the region," said Lars Ottersgård,
Senior Vice President, Market Technology, NASDAQ OMX. "The Philippines
continues to be an important market in ASEAN, as well as an attractive
prospect for regional and international capital – PSE is the heart of its
country's market. We look forward to working with them in reaching their
business goals and delivering the most widely deployed trading technology on
NASDAQ OMX's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across USA,
Europe, Asia, Australia, Africa and Middle East.
About The Philippine Stock Exchange, Inc.
The Philippine Stock Exchange is the national stock exchange of the
Philippines. As of June 2014, the PSE has 260 publicly listed companies and
134 active trading participants. Trading in the PSE is from 9:30AM to 3:30PM
daily with a recess from 12:00PM to 1:30PM. It currently maintains two trading
floors, one at the PSE Centre (Tektite), Ortigas Center in Pasig City, and one
at its principal office at the Ayala Tower One in Makati City's Central
About NASDAQ OMX
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange
technology, information and public company services across six continents.
Through its diverse portfolio of solutions, NASDAQ OMX enables customers to
plan, optimize and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 80 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. NASDAQ OMX is home to more than
3,200 listed companies with a market value of over $8 trillion and more than
10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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, and its 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
CONTACT: The Philippine Stock Exchange, Inc. Media Contact:
Martha H. Vinzons
NASDAQ OMX Media Contact:
+1 (212) 231-5541 (office)
+1 (646) 581-4286 (mobile)
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