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NASDAQ OMX Selected as Technology Provider to Osaka Securities Exchange
September 15, 2009--The
NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it has been
selected as exchange technology provider to the Osaka Securities
Exchange (OSE). OSE, the premier Japanese derivatives and securities
exchange, will deploy a NASDAQ OMX-based platform for derivatives
trading. Implementation of the new system is underway and scheduled for
launch in the first quarter of 2011.
"We are honored to be selected as system provider to OSE, marking our
second market technology customer in Japan," said Lars Ottersgard,
Senior Vice President, NASDAQ OMX Market Technology. "This is the
result of a strong and close partnership with both OSE and NTT Data. We
are focused on delivering a cutting-edge trading system ready for
launch in 2011."
Source: NASDAQ OMX
OSK-UOB launches ETF-linked fund
September 15, 2009-OSK-UOB Unit Trust Management Bhd, a subsidiary of OSK Investment Bank Bhd has launched a new fund that invests in a basket of exchange traded funds (ETF), which will provide exposure to sectors and markets that are expected to benefit from the economic policies and stimulus packages of governments globally
Dubbed “OSK-UOB Global Stimulus Fund”, the fund has an approved size of 400 million units, priced at 50 sen.
The initial minimum investment amount is RM1,000 and its minimum top-up is RM100.
The offer period will end on October 5.
Source: Business Times Malaysia
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