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NASDAQ OMX Group and RTS Stock Exchange reach business agreement

The NASDAQ OMX Group, Inc. 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.

The agreement includes On-site and off-site audits and 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.

Roman Goryunov, CEO, RTS Stock Exchange, noted the importance of delivering secure and flexible solutions to its market data clients to help the Russian firm achieve and maintain compliance.

Goryunov reiterated RTS’ delight with the company’s new partnership with NASDAQ OMX, whose expertise and array of compliance services will place it in a unique position to provide superior market data services and preserve the value of its data offerings.

Brian Hyndman, Senior Vice President of Global Data Products, NASDAQ OMX, reiterated his delight to provide the RTS Stock Exchange the opportunity to utilize its expertise and its wide range of services in the market data sector. 

Developing a successful data products business is difficult and time-consuming and the company welcomes the challenge of putting the RTS market data operation on the fast track to profitability, said Hyndman.

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.
 
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.

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