DGAP-News

NASDAQ OMX Taps BondDesk for Real-Time Pricing Data to Support New Treasury Options Trading

BondDesk Group LLC

06.03.2013 15:16

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NEW YORK, 2013-03-06 15:15 CET (GLOBE NEWSWIRE) --
BondDesk Group LLC and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today
that BondDesk was chosen by the exchange group to provide the real-time pricing
data needed to support the recently launched options on U.S. Treasuries trading
on the NASDAQ OMX PHLX(SM) (PHLX(r)) exchange. BondDesk has licensed its
real-time Treasury pricing data to PHLX for use by its member firms and will
provide access to the BondDesk ATS for trading the underlying Treasury
securities. The BondDesk ATS is the largest odd-lot fixed income trading venue
in the United States.

PHLX recently launched exchange-traded options on U.S. Treasuries, overlaying
the most recently issued ´on-the-run´ 10-year notes and 30-year bonds which
allow investors to hedge interest rate risk with more precision. The new
options provide flexible, cost-efficient investment vehicles and may be traded
by qualified investors in securities brokerage accounts. BondDesk´s real-time
Treasury pricing data is used to determine the opening and settlement values of
the options and support PHLX´s market, regulatory and surveillance operations.

´BondDesk was the logical partner for us given their leading position in the
retail Treasury market, ´ said Tom Wittman, Head of U.S. Options and Futures at
NASDAQ OMX. ´The amount of liquidity and trading that takes place on the
BondDesk ATS gives us great confidence in the quality of their pricing data
which we feel best represents the overall Treasury market.´

´It´s great to have a firm like NASDAQ recognize our prices as a leading
benchmark for valuing Treasury bonds, ´ said John Bagley, President of BondDesk
Trading. ´The BondDesk ATS can also provide an efficient venue for trading the
underlying Treasuries. Today the ATS has over $40 billion in live Treasury
liquidity and handles trades ranging from $10,000 to as large as $20 million.´

To obtain the BondDesk benchmark Treasury data and access the BondDesk ATS to
trade the underlying securities, please contact Steven Shaw at
[e-mail] or 212-808-0010.

About BondDesk

BondDesk Group LLC is a leading financial technology company providing
innovative, enterprise-wide fixed income solutions to a community of over 2,000
investment firms, including many of the top broker-dealers in North America.
BondDesk´s workstation solutions, including its flagship BondWorks(r) Wealth
Management Platform, enable over 105,000 financial advisors and asset managers
to trade bonds with confidence, manage client portfolios and attract new
assets. The company´s industry-leading advisor workstation, price transparency,
portfolio management and compliance solutions empower wealth managers to better
service the needs of the investing public. BondWorks is the first financial
services solution to win the highly coveted ´Best Application Design´ award
from the Nielsen Norman Group (NNG), one of the world´s leading design and
usability research and consultancy firms.

In addition, the BondDesk Alternative Trading System (ATS), operated by
BondDesk Trading LLC, member FINRA and SIPC, provides the BondDesk community
with access to an aggregated pool of over 120,000 daily live offerings of
odd-lot fixed income securities in a broad range of asset classes. The BondDesk
Trading ATS executes approximately 20,000 transactions per day with high fill
ratios and price quality. Access to the ATS is subject to review by BondDesk
Trading LLC.

BondDesk Trading LLC is a wholly-owned subsidiary of BondDesk Group LLC.

To learn more, visit www.bonddeskgroup.com, and follow @BondDesk on Twitter.

         CONTACT: Jade Faugno
         Intermarket Communications
         [phone]
         [e-mail]
         
         Nick Lawler
         Intermarket Communications
         [phone]
         [e-mail]
News Source: NASDAQ OMX

06.03.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Language:     English
Company:      BondDesk Group LLC
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         US9902511347
WKN:          

End of Announcement                             DGAP News-Service

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