NEW YORK and MOSCOW, June 28, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and RTS Stock Exchange have reached a partnership agreement that will facilitate RTS efforts to more quickly realize and maximize profits for their market data content. NASDAQ OMX will provide RTS, one of the major trading platforms in Russia and Eastern Europe, with a comprehensive suite of services to ensure compliance with RTS market data policies and best practices:
- On-site and off-site audits;
- Post-audit services including review of administrative procedures;
- Entitlement system and reporting methodologies;
- Product and technical overviews;
- Reconciliation activities; and
- Employee training and consultation during the joint audit process.
"We understand the importance of delivering secure and flexible solutions to our market data clients to help them achieve and maintain compliance," stated Roman Goryunov, CEO, RTS Stock Exchange. "We are delighted with our new partnership with NASDAQ OMX, whose expertise and array of compliance services will place us in a unique position to provide superior market data services and preserve the value of our data offerings."
"We are pleased to provide the RTS Stock Exchange the opportunity to utilize our expertise and our wide range of services in the market data sector," said Brian Hyndman, Senior Vice President of Global Data Products, NASDAQ OMX. "Developing a successful data products business is difficult and time-consuming and we welcome the challenge of putting the RTS market data operation on the fast track to profitability."
The services will be performed by NASDAQ OMX Global Data Products, one of the largest data distribution organizations in the world, through its Global Access program. Global Access allows companies to utilize NASDAQ OMX's vast data distribution network and its sales, administrative and technical expertise to realize profits from market data content.
Global Access provides the RTS Stock Exchange and other partners with turn-key access to a premier global data business and also helps them reduce the technical and administrative costs of market data distribution. For more information about NASDAQ OMX's Global Access program, visit http://www.nasdaqtrader.com/globalaccessprogram.