NASDAQ OMX To Support The Philippine Dealing And Exchange Corporation's Market Surveillance Endeavors
NEW YORK and MANILA, Feb. 20, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Philippine Dealing and Exchange Corporation (PDEx) today announced that PDEx has selected NASDAQ OMX's SMARTSOnline market surveillance system to monitor market activity across the fixed income market in the Philippines.
SMARTSOnline blends quick time-to-market and extensive support with the rich functionality of the SMARTS Integrity platform to monitor market activity.
"It is an honor to partner again with a growing, well-recognized leader in Southeast Asia like PDEx," said Lars Ottersgard, Senior Vice President of Market Technology, NASDAQ OMX. "Our SMARTSOnline technology will allow PDEx to undertake real-time surveillance and shorten investigation time for fraudulent activities."
The selection of NASDAQ OMX's SMARTSOnline marks the second opportunity for collaboration for these companies, as NASDAQ OMX currently powers PDEx's trading through its X-stream trading solution. "The Philippine domestic bond market is proud to partner up again with NASDAQ OMX in bringing order and a level playing field to the local community of fixed income market stakeholders," said Vicente B. Castillo, Chairman and CEO, PDEx. "NASDAQ OMX has been our infrastructure partner since we opened the market in 2005. Due to the power of its surveillance systems and the natural synergies with our platform this selection was an easy choice. Our relationship with NASDAQ OMX has been most fruitful and we look forward to the gains we can achieve together as the Philippine market expands and evolves." Operating in more than 40 national exchanges and regulators, and more than 70 market participants across 55 markets, SMARTS surveillance solutions are helping customers respond to the ever changing regulatory landscape. About Philippine Dealing and Exchange Corp (PDEx) The Philippine Dealing and Exchange Corp (PDEx) is the trading arm of the PDS Group of Companies, a Philippines-based enterprise operating a full-service suite for the fixed income markets, from trading, clearing and settlement, to post-settlement. As trading arm of the Group, it is licensed by the Securities and Exchange Commission (SEC) as an Exchange under the provisions of the Securities Regulation Code (SRC) and is authorized to operate an Over-the-Counter market. In this capacity, PDEx provides a centralized & efficient infrastructure for trading securities which ensures price discovery, transparency and investor protection. In July 2006, SEC formally recognized PDEx as a Self-Regulatory Organization (SRO) in the Inter-Dealer Market and is thus vested with the responsibility of formulating the requisite market rules, undertaking surveillance and enforcing compliance in the inter-dealer market. In November 2007, the SEC expanded the SRO registration of PDEx to cover the Inter-Professional Market, and in February 2008, its SRO authority was expanded to cover its members in all markets within the PDEx Trading Systems. www.pdex.com.ph 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 25 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 99.99% 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 to approximately 3,400 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 www.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 SMARTSOnline and NASDAQ 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. NDAQGCONTACT: NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells@NASDAQOMX.com
PDEx
Socorro Bolipata Lerer
+632 884 5000 (office)
non.lerer@pds.com.ph
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