APX chooses NASDAQ OMX to deploy X-stream Trading Technology

Asia Pacific Stock Exchange (APX) and NASDAQ OMX (Nasdaq:NDAQ) have signed an agreement for NASDAQ OMX to deliver its trading technology, X-stream, as well as Genium FIX, to Asia Pacific Stock Exchange to power its APeX(R) trading platform, the new rapidly growing securities exchange that is a bridge for capital, knowledge, deals and investor flows between Asia and Australia. The trading system is expected to go live in late 2014.

"APX is revolutionizing the way Asian capital, especially China, is accessed. By tapping NASDAQ OMX to provide our trading technology, we are selecting a platform with proven capabilities to offer multi-asset classes, indexes, high capacity and the FIX infrastructure that offers local and overseas participants standardized, reliable, stable and fast communication. We are proud to be offering our customers an industry-leading trading platform that matches our growth ambitions, making our operational capabilities limitless," said George Wang, Deputy Chairman, APX.

APX is seeking to differentiate itself from other exchanges in a number of ways. These include attracting a large number of investors from Asia--specifically in Greater China--to trade on the APX market, targeting growth companies (with competitive listing fees), adopting a multilingual approach (starting with English and Chinese) in the trading and information platform, as well as customer service. And most importantly, APX is dedicated to implementing a high degree of market transparency and integrity.

NASDAQ OMX's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East.