NASDAQ OMX Nordic Indexes to be Added to Axioma's Risk Modeling System
October 05 2011 - 9:02AM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that
Axioma, Inc., a leading provider of decision support, risk analysis
and portfolio rebalancing and analysis tools, will add NASDAQ OMX
Nordic indexes to its risk modeling system.
NASDAQ OMX is the leading provider of equity and fixed income
indexes in the Nordic region, calculating a total of about 1,300.
Through this agreement, all NASDAQ OMX Nordic indexes will be added
to Axioma's new risk modeling capabilities including the key
benchmarks the OMX Stockholm 30 Index and the OMX Stockholm
Benchmark Index.
Axioma's daily risk models will help portfolio managers who
track the Nordic markets meet the challenges of increasingly
volatile and complex markets. With the ability to use Axioma's
multiple risk models simultaneously, portfolio managers will have a
better perspective of where their risk is coming from and be able
to act on that insight in a more timely fashion.
"In today's markets, risk management is essential to a
comprehensive investment strategy," said Magdalena Hartman, Vice
President, NASDAQ OMX Global Index Group. "That's why we are
delighted to have Axioma include NASDAQ OMX Nordic indexes in their
risk models. As a result of this development, portfolio managers
will be able to more effectively align their risk model usage with
their investment objectives."
"The Nordic countries are very important markets for our client
base," said Ian Webster, Managing Director Europe for Axioma. "We
have been working to strengthen our risk modeling capabilities in
the region and are pleased to offer our clients products from
NASDAQ OMX, a leader in global benchmark indexes."
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group calculates thousands of indexes
that empower investors and financial decision-makers around the
world to track, evaluate and benchmark the economy. Our index
creation process is completely objective, transparent and
rules-based, driven by the demand of the global markets. NASDAQ OMX
is also the largest provider of equity and fixed income indexes in
the Nordic and Baltic region and calculates over 1,300 Nordic and
Baltic specific indexes, with tradable, all share, sector, and
benchmark versions. For the latest information on NASDAQ OMX
indexes, visit www.nasdaqomx.com/indexes.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange
company. It delivers trading, exchange technology and public
company services across six continents, with more than 3,500 listed
companies. NASDAQ OMX offers multiple capital raising solutions to
companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and
the U.S. 144A sector. The company offers trading across multiple
asset classes including equities, derivatives, debt, commodities,
structured products and exchange-traded funds. NASDAQ OMX
technology supports the operations of over 70 exchanges, clearing
organizations and central securities depositories in more than 50
countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges
in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and
Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook
(http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter
(http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements
that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements about NASDAQ OMX Nordic indexes
and NASDAQ OMX's other products and offerings. We caution that
these statements are not guarantees of future performance. Actual
results may differ materially from those expressed or implied in
the forward-looking statements. Forward-looking statements involve
a number of risks, uncertainties or other factors beyond NASDAQ
OMX's control. These factors include, but are not limited to
factors detailed in NASDAQ OMX's annual report on Form 10-K, and
periodic reports filed with the U.S. Securities and Exchange
Commission. We undertake no obligation to release any revisions to
any forward-looking statements.
NDAQG
CONTACT: NASDAQ OMX Media Contacts:
Carl Norell
+46(8)405 66 39
carl.norell@nasdaqomx.com
Wayne Lee, NASDAQ OMX
+1 301 978 4875
Wayne.D.Lee@NASDAQOMX.com
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