NASDAQ OMX Selected As Technology Provider For Hong Kong Mercantile Exchange

The NASDAQ OMX Group, Inc. has been selected as technology provider for the Hong Kong Mercantile Exchange (HKMEx), a new commodity exchange that will offer uniquely structured contracts to the international and domestic trading community. HKMEx, which is scheduled for

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The NASDAQ OMX Group, Inc. has been selected as technology provider for the Hong Kong Mercantile Exchange (HKMEx), a new commodity exchange that will offer uniquely-structured contracts to the international and domestic trading community. HKMEx, which is scheduled for launch in Q1 2009, will deploy a trading system from NASDAQ OMX tailored specifically for thecommodity marketplace.

“We are delighted to have NASDAQ OMX develop the HKMEx trading platform,” says Barry Cheung, chairman of HKMEx. “In order to create and handle high liquidity and trading volumes on our exchange, we need to operate on a secure and scalable high-end platform. Our selection of NASDAQ OMX was based on their proven technology as well as their long and successful experience in both the commodity and Aspac markets.”

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