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Thursday 04 September, 2008

The Nasdaq Stock Market, Inc.

NASDAQ OMX and Bond Exchange of South Africa Li...

Group, Inc. (Nasdaq:NDAQ) today announces that NASDAQ OMX and the
Bond Exchange of South Africa Ltd, (BESA) have signed agreements
regarding the provision of post trading administrative services and a
central counterpart (CCP) for the derivatives market that BESA will
establish. The agreements include the establishment of BondClear, a
South African entity, which together with NASDAQ OMX will provide
derivatives clearing services for the South African fixed income
derivatives market. Subject to regulatory and other stakeholder
approvals, BondClear will become operational during early 2009.

The clearing offering will be based on NASDAQ OMX's operational model
for the OMX Nordic Exchange, and will bring international best
practice standards to the South African financial market. With NASDAQ
OMX acting as CCP, BondClear will be able to provide the South
African market participants with a counterpart whose credit rating
exceeds what is currently available in South Africa, hence ensuring
minimum capital allocation for the market.
"We are delighted to be selected as preferred partner to BESA for
this strategically important project, and we look forward to working
together with BESA to realize their vision. The BondClear partnership
reaffirms NASDAQ OMX's business model, where the combination of
technology solutions, our home market operations and our global
customer base creates a unique value offering for BondClear and the
South African financial market," said Magnus Bocker, President of

"BondClear is a key structure for BESA to realize its vision, and
execute our new strategy; additionally it will allow us to bring a
new standard for post trade services to the South African market. The
outlined partnership with NASDAQ OMX will bring proven, world class
technology as well as best practice operational services to the South
African market. Furthermore, we are excited by the partnership's
ability to enable us to pierce the country's credit ceiling and tap
into the huge, London-based off shore market for South African
instruments," said Garth Greubel, CEO of BESA.


The NASDAQ OMX Group, Inc. is the world's largest exchange company.
It delivers trading, exchange technology and public company services
across six continents, and with over 3,900 companies, it is number
one in worldwide listings among major markets. NASDAQ OMX offers
multiple capital raising solutions to companies around the globe,
including its U.S. listings market; the OMX Nordic Exchange,
including First North; and the 144A PORTAL Market. The company offers
trading across multiple asset classes including equities,
derivatives, debt, commodities, structured products and ETFs. NASDAQ
OMX technology supports the operations of over 60 exchanges, clearing
organizations and central securities depositories in more than 50
countries. OMX Nordic Exchange is not a legal entity but describes
the common offering from Nasdaq OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit


Bond Exchange of South Africa Limited (BESA) is an independent,
licensed exchange, constituted as a public company, and responsible
for operating and regulating the debt securities and interest-rate
derivatives markets in South Africa. BESA was granted its exchange
licence in 1996 and over the past ten years has been at the forefront
of market developments in South Africa. In December 2007 BESA entered
a new era, successfully converting from a mutual association to a
public company. As the direct regulator of the bond market, BESA
operates within the framework of the Securities Services Act 2004 and
a set of rules and directives approved by the Financial Services
Board. The South African bond market is a leader among
emerging-market economies. Turnover reported on BESA in 2007 reached
a record US$1,926 billion; this represents a turnover velocity of 30
times market cap. BESA expects 2008 turnover to be approximately US$
2.429 billion (at ZAR/$ 7:1). At December 2007 BESA had listed some
967 debt securities, issued by 104 sovereign and corporate borrowers,
with a total market capitalisation of R862 billion. For more
information about BESA, visit

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that
are made under the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements include, but are not
limited to, statements about NASDAQ OMX's products and offerings. We
caution that these statements are not guarantees of future
performance. Actual results may differ materially from those
expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond NASDAQ OMX's control. These factors include,
but are not limited to factors detailed in NASDAQ OMX's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities and
Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the
authorization and permissions which it seeks.



The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
(212) 401-8714
[email protected]
Jonas Rodny
[email protected]


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