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Wednesday, March 18, 2015

Nasdaq sees tech partnership with HKEx in derivatives link-up, (NMS: NDAQ)

Securities exchange operator NASDAQ OMX Group Inc is a "natural partner" for its Hong Kong counterpart should the latter need technological assistance for derivatives link-ups with other exchanges, Nasdaq President Adena Friedman said.Hong Kong Exchanges and Clearing Ltd (HKEx) plans to add derivatives to a scheme which currently allows investors in Hong Kong to purchase shares listed in mainland China and vice versa. HKEx is banking on the scheme to boost trading volume.Nasdaq provides software for trading and clearing derivatives, as well as surveillance tools that help market participants ensure they comply with regulations."We already are the technology provider to Hong Kong for the derivatives market. Were they to do derivatives connection, we will be a natural partner to them to make sure that they can build that connection," Friedman told Reuters in an interview in Jakarta on Wednesday.

The NASDAQ OMX Group, Inc. (NASDAQ OMX), is a holding company. Shares of NDAQ traded higher by 0.27% or $0.13/share to $50.94. In the past year, the shares have traded as low as $33.49 and as high as $51.22. On average, 935160 shares of NDAQ exchange hands on a given day and today's volume is recorded at 546863.