NEW YORK, May 6, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), and World Steel Exchange Marketing, LLC (WSEM), founded by World Steel Dynamics (WSD) in 2009, today announced a strategic partnership to develop financially settled steel and steel scrap futures products to be traded on the NASDAQ OMX Futures Exchange, Inc. (NFX). This strategic partnership will help the steel industry better manage steel price risk, with a world-class trading platform and a complement of steel futures products. The products are expected to launch in the fourth quarter of 2013 following filing with the Commodity Futures Trading Commission.
NASDAQ OMX And World Steel Exchange Marketing Announce Strategic Partnership
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