The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Russian Trading System (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 with a comprehensive suite of services to ensure compliance with RTS market data policies and best practices.
“We understand the importance of delivering secure and flexible solutions to our market data clients to help them achieve and maintain compliance,” says Roman Goryunov, CEO of the 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.”
Brian Hyndman, senior vice president of Global Data Products for NASDAQ OMX adds: “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. 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 through its Global Access program.
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