NASDAQ OMX to Sponsor Shift Forex FXIC NYC 2014 Event

BY  | FROM GLOBE NEWSWIRE | 2014-04-02 08:18

    NEW YORK, April 1, 2014 (GLOBE NEWSWIRE) -- Shift Forex LLC today announced that NASDAQ OMX will be the Presenting Sponsor at FXIC NYC 2014, a global foreign exchange (FX) industry conference to be held on June 20, 2014 at the Grand Hyatt in New York City. FXIC is the premier FX forum, bringing together the retail, institutional and wholesale segments of the global foreign exchange industry.

  NASDAQ?OMX's sponsorship reflects the company's longstanding history of driving innovation in financial markets as well as market participant's growing demand, fueled partly by regulatory mandates in the US and Europe,?for greater transparency and efficiency in FX trading and clearing. The exchange group recently announced the formation of Global Market Services, a new entity which will drive NASDAQ OMX's expansion into fixed income, currencies and commodities (FICC).

  "We are committed to the foreign exchange space and we are already well positioned, ahead of shifts in the regulatory landscape, to deploy our strategy for multi-asset trading and clearing," said Hans-Ole Jochumsen, Executive Vice President of Global Market Services at NASDAQ OMX. "Our customer focus, product development and technology synergies will continue to drive our growth in the FICC area as we offer market participants additional trading opportunities."

  "We are absolutely thrilled to have NASDAQ OMX as?the Presenting Sponsor this year in New York," said?Matthew Miller, Founding Partner and COO of?Shift Forex, the event host. "NASDAQ OMX's premier participation reflects the tectonic shifts that are occurring in the FX markets with the move toward a centrally-cleared model, as well as the continued blurring of the lines between various types of?market participants, which is a central theme of the event."

  Shift Forex's FXIC?event attracted more than 300?industry executives?in 2013, the event's inaugural year. This year, interest has grown as market participants grapple with rapid change and the resulting challenges. As the FX space continues to mature with competitive forces and industry standards, many new entrants accelerate the pace of innovation. FXIC?assembles the global?FX community for two days of industry discussions, predictions regarding the future of markets and access to buy and sell-side participants, brokers and technology providers,?compliance and legal professionals.

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