Smaller Companies to Benefit From BX Venture Market's Quality Regulation and Market Structure
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced SEC approval of the BX Venture Market. This new listing market will provide companies that would not otherwise qualify for an exchange listing the opportunity to list and trade their shares in a well regulated and transparent environment.
For companies already trading in the over-the-counter markets, contemplating an initial exchange listing or those delisted from a national securities exchange, the BX Venture Market will provide a new, better-regulated listing alternative. Listing standards for this market will require companies to comply with many of the same corporate governance requirements as are required for listing on other securities exchanges and maintain basic quantitative standards.
Companies and their shareholders will benefit from the high quality of real-time and post-trade market surveillance and a robust portfolio of products and services that will support BX Venture Market listed companies. Trading will be available on NASDAQ OMX's INET platform, the world's most sophisticated trading technology.
"The BX Venture Market is a new listing alternative that supports capital formation for early stage and smaller companies in a transparent and well-regulated environment," said Bob McCooey, Senior Vice President of NASDAQ OMX. "In addition, the BX Venture Market can provide a new exit opportunity for the long-term investments made by venture capitalists who support job creation and ongoing U.S. competitiveness."
The BX Venture Market is expected to launch later this year. For more information, please visit http://www.bxventure.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 more than 3,500 listed companies. NASDAQ OMX 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 exchange-traded funds. NASDAQ OMX 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 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).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the BX Venture Market. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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