Nasdaq OMX opens office in Bangalore

NASDAQ OMX said on Monday that it has opened a new office in Bangalore that will focus on developing new technologies including the next generation Investor Relations platform.

 The opening underscores the expansion of the global exchange company's footprint in India, as it looks to deepen its business relationships and outreach within the Southeast Asia region.

In a statement, the Senior Vice-President, Global Technology Services, NASDAQ OMX, Bob Waghorne said, "Our Bangalore team will collaborate with colleagues across the globe to develop and deliver resilient, powerful solutions that run the marketplaces of the world, and fuel better business decisions by our customers by mastering the flow of information with our technologies."

The Regional Manager, Southeast Asia, Robert Frojd said, “Asia is a significant growth market for all of NASDAQ OMX, we're seeing strong demand for our market technology and corporate solutions products, and interest in new listings and our indexes. We look forward to the long-term opportunities our presence in Bangalore will provide for us."

NASDAQ OMX's technology solutions are used by over 10,000 customers in 60 countries consisting of public and private entities, exchanges, regulators and broker-dealers, and powers over 80 marketplaces worldwide.