NASDAQ OMX to Launch UltraFeed
October 10 2011 - 9:02AM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it will
introduce UltraFeedSM, a highly-efficient data feed that aggregates
all North American equity, options, futures and index data feeds.
Employing NASDAQ OMX state-of-the-art technology, UltraFeed will
first be delivered to QUODD Financial Information Services – a full
service market data provider. QUODD Financial Information Services
will provide UltraFeed to its approximately 550 downstream client
firms who, in turn, feed thousands of end-users.
QUODD customers will benefit from UltraFeed's customizable
messaging standard for equity, options, futures and index data.
"UltraFeed will provide efficient access to market data from
multiple North American markets and data sources in a cost
effective manner," said Brian Hyndman, Senior Vice President,
NASDAQ OMX Global Data Products. "UltraFeed is NASDAQ OMX's latest
premier market data product that's being designed to meet the
evolving needs of market data vendors and consumers."
"We are pleased to partner with NASDAQ OMX to become UltraFeed's
flagship client," said Dennis Cassidy, President and CEO, QUODD
Financial Information Services. "With UltraFeed as our new data
source, we will be vendor agnostic -- allowing us to provide our
clients with a wider choice of products and services from a broader
variety of vendors. UltraFeed also gives us the ability to manage
our own ticker plant, ensuring faster processing times and greater
reliability. Our collaboration with NASDAQ OMX is consistent with
our commitment to provide our clients with state-of-the-art and
affordable market data products."
As part of the UltraFeed initiative, QUODD Financial Information
Services will enhance its market data cache technology. With the
implementation of UltraFeed as QUODD's new data source in 2012,
QUODD will expand its product offering to include NASDAQ TotalView
for clients wishing to access depth of book data. QUODD will
continue to provide NASDAQ Basic to its existing customers who have
already been enjoying savings of over 50% on their Level 1 fees for
the past year.
NASDAQ OMX expects UltraFeed to be in production in the second
quarter of 2012. To access a list of initial data elements to be
included in UltraFeed, visit the NASDAQ OMX Trader website.
About QUODD Financial Information Services
QUODD Financial Information Services provides a real-time data
management solution poised to revolutionize the integration,
delivery and use of live data. The company's solution is based on a
proprietary platform technology which allows an enterprise complete
flexibility in content selection as well as customized delivery
with personalization down to the seat level (a radical improvement
over existing rigid data solutions that force all enterprises to
accept a standard delivery format and defined data set).
Furthermore, because QUODD's Platform seamlessly integrates all
third party market data within a company's own internal
systems/databases, and the entire solution is centrally-managed, it
eliminates the need for company resources, thus significantly
decreasing the data management costs across an enterprise.
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's UltraFeed
data product program and 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: Media Contacts:
Wayne Lee, NASDAQ OMX
+1-301-978-4875
Wayne.D.Lee@NASDAQOMX.com
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