NASDAQ to Combine Market Technology, Corporate Solutions Units
The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) today announced the company 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 our 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 January 1, 2013.
In addition, the company announced the appointment of Bradley Peterson to global chief information officer, effective February 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.