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The NASDAQ Options Market Joins The Options Industry Council
Chicago—May 2, 2008
The NASDAQ Options Market has become a member of The Options Industry Council (OIC). NASDAQ Options Market joins the member firms and other exchanges of OIC (American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation) in helping to promote the use of equity options through education.
"It is with great pleasure that we welcome NASDAQ Options Market to OIC's educational endeavors for current and potential options investors," said Gina McFadden, OIC’s President. "With volume soaring over the last several years, it is evident that investors desire a greater knowledge of equity options."
"The NASDAQ Options Market launched in March 2008 as the only market model that provides true price time priority for investors and is rapidly gaining traction," said Adam Nunes, Head of The NASDAQ Options Market. "We are delighted to collaborate with the OIC on their many initiatives focused on enhancing the awareness of key issues and developments within the options industry."
NASDAQ OMX operates a fully automated, price/time priority market with an opportunity for price improvement that provides a level playing field to all participants. It provides a routing service to orders when trading is not present on The NASDAQ Options Market. NASDAQ OMX's offering is the first options trading platform to offer true price/time priority.
OIC is an industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.optionseducation.org and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
About NASDAQ OMX
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 Group 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 Group 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 Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
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