NASDAQ OMX Files FSA Application for Its Pan-European Market

LONDON - The NASDAQ OMX Group, Inc. announced that it has filed its application with the UK Financial Services Authority (FSA) for the NASDAQ OMX Pan European Market to become a multilateral trading facility (MTF).

"We have received a very positive response to the announcement of our Pan European Market, which will be the first trading platform to link major European liquidity pools. Filing our FSA application is an important step in our progression and we look forward to bringing increased competition and a new and better trading experience to these markets," commented Bob Greifeld, Chief Executive Officer of NASDAQ OMX.

The NASDAQ OMX Pan European Market will enable best execution in high volume securities trading in a cross-border, multi-market environment. The market, which will be the first platform to connect European liquidity pools with Pan-European routing, is scheduled to open in September 2008. At launch it will trade approximately 300 of the most actively traded European blue chip shares. The NASDAQ OMX trading platform is recognized as the fastest in the industry with peak trading speeds of 250 microseconds. The launch of the NASDAQ OMX Pan European Market is subject to FSA approval