December 16, 2009 (FinancialWire) — The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) said it has extended its co-operation with Verizon Business.

Through the two companies’ new agreements, NASDAQ OMX is reinforcing its global open connectivity strategy as well as supporting the expansion of its world-leading co-location services offering for its U.S. exchanges and markets. The agreements extend an existing relationship under which Verizon Business provides the exchange company with professional services, unified communications and corporate network services.

The contracts cover two main areas: NASDAQ OMX is expanding its use of Verizon Business’ data-center co-location services in the U.S. to enhance its overall trading capabilities; in addition, the exchange company is transitioning its Nordic exchanges’ existing trading and market data access network to Verizon Business.

NASDAQ OMX is entrusting the day-to-day facility management of its core data-center infrastructure and services in the U.S. to a Verizon Business team, which will operate in-house. This will support the expansion of the exchange’s co-location services in the U.S.

NASDAQ OMX’s Nordic exchanges will move to an open connectivity model as of January 1, 2010, when trading and market data customers of NASDAQ OMX’s Nordic Exchanges across Europe will be able to select their carrier of choice. As a result of this, the group is transitioning its proprietary Nordic access network to Verizon Business, where it will be integrated in the Verizon Financial Networking solution, a dedicated solution for the financial services community. The VFn offers financial customers a highly scalable and low latency solution for both trading and market data that includes dedicated, end-to-end support.

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