NEW YORK, Oct 22, 2009 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that it has partnered with IKON Global Markets, a leading global Futures Commission Merchant.
IKON FX became the first futures broker to offer client access to NFX's World Currency Futures products (WCF), effective immediately.
As a result of this partnership, between NASDAQ and IKON, customers will be able to utilize the IKON trading application to see live NFX market prices and enter buy/sell orders.
Ben Craig, President of NASDAQ OMX Futures Exchange commented "Today's announcement with IKON further strengthens our offering of retail FX products in a fully electronic environment. We are delighted to kick-off this collaboration with a global player in the futures industry like IKON," he added.
Diwakar Jagannath, CEO of IKON FX, said, "We enjoy working with the NASDAQ OMX team to add market depth, liquidity and our capabilities to clients and look forward to our joint efforts to develop new
About IKON FX Markets:
IKON FX is a CFTC registered Futures Commission Merchant and Forex Dealer Member in good standing with the National Futures Association (www.nfa.futures.org). IKON has over 15,000 active clients in more than 80 countries, trading over 2 billion notional every day. IKON is an active electronic market maker via its own platforms, as well as on exchanges and ECNs worldwide. Through its vaunted CORE OPTIONS PLATFORM, IKON is the largest market maker of Electronic FX Options to retail investors/traders. For further information, please visit our website (http://cn.ikonfx.com) or contact Michelle……, Public Relation Officer at (Michelle@ikonfx.com).
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, with over 3,700 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North; and the U.S. 144A sector. 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 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.