NASDAQ OMX Group, Inc. : NASDAQ Basic Powers Real-Time U.S. Market Data for Canadian Investors
06/20/2012| 10:37am US/Eastern

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NEW YORK, June 20, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX
Group, Inc. (Nasdaq:NDAQ) today announced that Questrade
Inc., a leading online brokerage firm in Canada, has selected
NASDAQ
Basic to power its new online trading applications
IQ Web and
IQ Edge. Questrade is the largest Canadian brokerage to
fully integrate NASDAQ Basic, delivering valuable real-time
streaming U.S. market data to investors.
NASDAQ Basic provides users with essential real-time quote
and trade data for all U.S.-listed securities. Additionally,
NASDAQ Basic offers firms a lower-cost, faster,
easier-to-administer alternative to Level 1 products.
"By selecting NASDAQ Basic as its source of U.S.-listed
securities data, Questrade enjoys significant savings while
simultaneously serving its clients with high quality
data," said Brian Hyndman, Senior Vice President, NASDAQ
OMX Global Data Products. "The integration of NASDAQ
Basic into Questrade's web and desktop trading software
underscores Questrade's commitment to giving its clients
in Canada a competitive advantage."
Edward Kholodenko, President and CEO of Questrade says,
"We are coupling NASDAQ Basic with the latest technology
to deliver an unparalleled personal trading environment. Our
IQ platforms are extremely flexible, allowing any style of
investor to adapt the platform to suit their needs. With IQ
Web and IQ Edge, Questrade is redefining the online trading
experience for Canadians."
To date, more than 1000 firms have selected NASDAQ Basic to
power their real-time data, including nine out of the top ten
U.S. banks (based on AUM).
NASDAQ Basic data includes securities listed on NASDAQ, NYSE,
and NYSE Amex based on liquidity from the NASDAQ Market
Center and the FINRA/NASDAQ Trade Reporting Facility.
Questrade's users of NASDAQ Basic also receive data from
two other NASDAQ trading venues: NASDAQ OMX BX®(BX®) and
NASDAQ OMX PSXSM(PSXSM), thanks to Questrade's provision
of NASDAQ Last Sale Plus. NASDAQ Basic can be deployed in a
variety of investor tools, such as last sale displays, charts
and portfolio trackers. For more information about NASDAQ
Basic, visit
http://www.nasdaqomx.com/trading/marketdata/u.s.products/nasdaqbasic/
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX
Group, Inc., fuels economies and provides transformative
technologies for the entire lifecycle of a trade - from risk
management to trade to surveillance to clearing. In the U.S.
and Europe, we own and operate 24 markets, 3 clearinghouses
and 5 central securities depositories supporting equities,
options, fixed income, derivatives, commodities, futures and
structured products. Able to process more than 1 million
messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50
developed and emerging countries into the future, powering 1
in 10 of the world's securities transactions. Our
award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately
3,400 listed companies worth $6.2 trillion in market cap
whose innovations shape our world, we give the ideas of
tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX
Century. To learn more, visit www.nasdaqomx.com. Follow us
on Facebook ( http://www.facebook.com/NASDAQ)
and Twitter (http://www.twitter.com/nasdaqomx).
(Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may 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 Basic, NASDAQ Last Sale Plus and other NASDAQ OMX
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
Source: The NASDAQ OMX Group, Inc.
News Provided by Acquire Media
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