NASDAQ OMX provides trading and clearing operations to a new Dutch trading venue

NASDAQ OMX provides trading and clearing operations to a new Dutch trading venue

June 23 2009. The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that it will provide trading and clearing operations to a new Dutch equities search engine TOM (The Order Machine). TOM received an AMF (Dutch FSA) license to start up a best execution service for equities, giving private investors access to professional markets and execution prices. Later this year, TOM aims to launch a best execution service for derivatives in addition to shares.

Henk Wim van Arem with TOM's management said, "We are excited to be able to offer a unique best execution service using NASDAQ OMX technology and operation services. One of the key deciding factors for selecting NASDAQ OMX is the possibility to transition to their Next Generation Genium platform, which will give us unique speed and capacity advantages on both cash and derivatives trading.

Henrik Paulsson, Head of European Derivatives at NASDAQ OMX, said, "TOM's offer is perfectly aligned with what European investors are looking for today, and we look forward to working with them to ensure efficient market operations. The proven Nordic trading and clearing platform used by TOM will appeal to liquidity providers and ultimately help end-investors find best-execution prices."