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NASDAQ OMX Europe To Expand Into Eastern Europe

To offer services in Budapest Stock Exchange, Warsaw Stock Exchange and Prague Stock Exchange

NASDAQ OMX Europe (NEURO) plans to offer trading in blue chip securities listed on Budapest Stock Exchange, Warsaw Stock Exchange and Prague Stock Exchange. This expansion is expected to take place in Q1 2010.

Reportedly, the expansion will be supported by European Multilateral Clearing Facility (EMCF) who will provide Central Counter party (CCP) clearing services for NEURO in these new markets.

Charlotte Crosswell, president of NASDAQ OMX Europe, said: “This extension is a natural evolution in our pan-European strategy and together with EMCF we will ensure that our customers are able to access the markets they require through one single connection to NEURO.”

Jan Booij, CEO of EMCF, said: “We are very pleased to support the expansion of NASDAQ OMX Europe’s offering by extending our proven and reliable clearing solution to these new markets.”

However, the expansion is subject to approval.