These excerpts taken from the NDAQ 10-K filed Feb 27, 2009.
Research and development. We continuously develop our product offering to ensure our position as a market leader and driving force in the exchange industry. Investment decisions are made based on customer needs and general market trends.
This year we introduced a new technology roadmap for our next generation trading system, GENIUM. The roadmap builds on NASDAQ OMXs combined experience and insight gained from operating exchanges and in supporting the operations of more than 70 exchanges, clearing organizations and central securities depositories around the world. Two key assets will be leveraged to realize the new roadmap:
GENIUM has been designed not only to be the worlds fastest trading system, but also to combine innovative functionality with a modular approach to more efficiently manage change and create new advantages
to existing and new customers. The foundation for GENIUM is a common service delivery platform built for the exchange industry. It provides high performance transaction handling and availability as well as common functional features, like reference data and session management. The platform is based on industry standard operating environments and holds unified models for business and technical operations.
Research and development. We continuously develop our product offering
This year we introduced a new technology roadmap for our next generation trading system, GENIUM. The roadmap builds on
GENIUM has been designed not only to be the