NEW YORK and HAMILTON, Bermuda, April 29, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Bermuda Stock Exchange (BSX) have launched NASDAQ OMX's X-stream trading platform providing BSX with world-class trading technology and strengthening BSX's dedication to the development of Bermuda's domestic market, fueling capital to the country's small and medium businesses as well as BSX's leadership position in insurance related trading activity.
"The Bermuda Stock Exchange has always been focused on investing in technology that ensures that our trading platform is among the most advanced in the world and that further extends our leadership over other competing exchanges," said Greg Wojciechowski, President and CEO of Bermuda Stock Exchange. "By deploying the industry's leading trading engine, we are making clear to the domestic and foreign markets that we are dedicated to operating a powerful, open marketplace."
BSX and its members will benefit from significant enhancements in performance, latency and throughput capacity by upgrading to NASDAQ OMX's proven exchange technology.NASDAQ OMX technology is used by over 70 marketplaces in 50 countries. Operating with X-stream technology, BSX will be the most powerful trading venue in the Caribbean and offshore markets as defined by performance, latency and throughput. "It is an honor to be powering Bermuda's premier marketplace with our trading technology," said Lars Ottersgard. "X-stream's core functionality will give BSX a lot of different capabilities to move into different product areas and have high-order capability. Partnering with BSX as it pursues robust domestic and international growth initiatives widens its leadership position in the off-shore business." 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 26 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) About Bermuda Stock Exchange: Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.