NEW YORK, June 28, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the NASDAQ Closing Cross was used for the tenth consecutive year to rebalance NASDAQ-listed securities in the entire family of U.S. Russell indexes during their annual reconstitution. Approximately 696.5 million shares representing $14.1 billion were executed in the NASDAQ Closing Cross in 1.7 seconds across some 2,271 NASDAQ-listed stocks. NASDAQ official closing prices (NOCPs) determined by the NASDAQ Closing Cross are widely used throughout the industry, by Russell Investments, Standard & Poor's, Dow Jones, and mutual funds across the country. The NASDAQ Closing Cross mechanism provides market participants with transparency and consistent prices with the dissemination of imbalances, indicative and likely clearing prices every five seconds via the Net Order Imbalance Indicator. NASDAQ OMX's INET technology platform processes accurate closing prices for the industry in microseconds. "NASDAQ OMX's electronic trading business offers a scalable, global platform which is able to handle a high-velocity, low-latency and big data IT environment. Again, the NASDAQ Closing Cross generated accurate closing prices during one of the heaviest trading sessions of the year due to the superior capabilities and market integrity of NASDAQ OMX's INET technology platform," said Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX. He added, "The rebalance is a critical part of adapting important benchmarks to our ever-changing markets and NASDAQ OMX is proud to celebrate the 10 year anniversary of our partnership together with Russell Investments." The Closing Cross brings together the buy and sell interest in specific NASDAQ, NYSE and NYSE Amex stocks and executes all shares for each stock at a single price, one that reflects the true supply and demand for these securities. All nationally-listed securities are eligible for the NASDAQ Closing Cross.