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Nasdaq OMX to combine market tech, corporate solutions

2013-01-17 09:03 ET - News Release

Mr. Bob Greifeld reports

NASDAQ OMX TO COMBINE MARKET TECHNOLOGY AND CORPORATE SOLUTIONS BUSINESSES

The Nasdaq Stock Market Inc.'s Nasdaq OMX Group Inc. will combine its market technology and corporate solutions businesses. The combination will enable increased focus and drive growth across the company's technology businesses, create a dedicated software and technology management structure and advance Nasdaq OMX's market position by leveraging global distribution and scaling its products and services. The new business unit will be led by Anna Ewing, executive vice-president, global technology solutions, Nasdaq OMX.

Global technology solutions includes market technology and corporate solutions. The market technology business provides technology and advisory services to over 70 marketplaces, clearing organizations and central securities depositories in over 50 countries as well as risk management and surveillance solutions to financial services firms. Corporate solutions provides public and private companies with a portfolio of products and services that deliver critical market intelligence and communications solutions which help identify, target and communicate with stakeholders.

Nasdaq OMX intends to treat the combined market technology and corporate solutions businesses as a separate reporting segment effective Jan. 1, 2013.

In addition, the company announced the appointment of Bradley Peterson to global chief information officer, effective Feb. 6, 2013. Mr. Peterson will report to Ms. Ewing. Mr. Peterson will continue to drive the design and development of scalable and reliable solutions to further the growth and expansion of Nasdaq OMX's core products and services and the underlying tools and technologies used by Nasdaq OMX customers.

"As an industry technology leader, our state-of-the-art systems and software deliver innovative solutions and world-class technology to a globally diverse client base," said Bob Greifeld, president and chief executive officer, Nasdaq OMX. "With the proposed acquisition of Thomson Reuters's IR, PR and multimedia businesses and in combination with our market technology and corporate solutions business, we have achieved unprecedented scale in technology services. We intend to continue to build this leading franchise into one of the top technology organizations in the world and this reorganization reflects our focus and commitment to this exciting and growing segment of our business."

"Brad brings a vast amount of technology experience and leadership to Nasdaq OMX," said Ms. Ewing. "He will lead a global team responsible for enhancing our technology products and services by helping to create innovative new business opportunities, extend our technology platforms and drive efficiencies. His priority will be to enable a better experience for our customers, partners and employees."

Mr. Peterson was most recently chief information officer for Charles Schwab where he and his team developed and launched Schwab's mobile brokerage and banking applications, modernized all client channels and established centres of excellence to attract and retain leading technology talent.

Prior to joining Charles Schwab, Mr. Peterson served as chief information officer for eBay and chief technology officer for Epoch Partners where he established the information management and delivery team, championed the strategic use of analytics at eBay and PayPal, led acquisition integrations and built and managed institutional trading platforms. Mr. Peterson also previously served in multiple technology leadership roles at Pacific Telesis and AT&T Communications.

Nasdaq OMX delivers trading, exchange technology and public company services across six continents, with approximately 3,400 listed companies.

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