The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) MILAN, Italy, Sept. 25, 2008 (GLOBE NEWSWIRE) -- IWBank S.p.A., a bank that specialises in on-line financial and banking services, will be the first Italian bank to offer its customers the chance to trade on NASDAQ OMX Europe, a market for leading European blue chips.
"This new agreement," commented Pasquale Casale, IWBank's CEO, "will offer our customers additional advantages in terms of cost and will help give them a wider choice of access to European stock markets."
Commenting on the announcement, Charlotte Crosswell, President at NASDAQ OMX Europe, said, "We are delighted that IWBank will connect to NASDAQ OMX Europe and give Italian investors a better experience of trading European blue chip stocks. We are confident that access to our liquidity pool will offer price improvement opportunities for IWBank's client base."
The trading service will commence for IWBank's customers during the coming weeks after the opening of NASDAQ OMX Europe, which is scheduled for Friday, 26 September.
For further information: www.iwbank.it
IWBank (www.iwbank.it) commenced operations in 1999, specialising in on-line financial and banking services. The range of products and services that it offers includes trading in financial instruments, placing mutual funds, current accounts, issuing credit and charge cards, electronic money, insurance policies, personal loans and mortgages. The Bank's shares have been listed on the Expandi Market, run by Borsa Italiana, since May 2007.
ABOUT NASDAQ OMX EUROPE
NASDAQ OMX Europe is the first platform to connect European liquidity pools with Pan-European routing. Following the complete roll-out, NASDAQ OMX Europe will trade approximately 600 securities including constituents of the main European indices, ETFs and other highly liquid securities. For more information about NASDAQ OMX Europe, visit www.nasdaqomxeurope.com.
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) 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 www.nasdaqomx.com.
A copy of this press release is available on the Bank's website: www.iwbank.it
CONTACT: IWBank S.p.A. Maria Foti Vincenzo Tedeschi email@example.com
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NASDAQ OMX Europe Jonas Rodny email@example.com +46 8 405 72 67
The NASDAQ OMX Group, Inc.
Stock Identifier: NYS.NDAQ
The NASDAQ OMX Group, Inc.