Nasdaq: Port Moresby Stock Exchange (POMSoX) Launches New Nasdaq Trading System

NEW YORK and PORT MORESBY, Papua New Guinea, 2017-11-21 11:28 CET (GLOBE
NEWSWIRE) --
Nasdaq Inc. (NASDAQ:NDAQ) and the Port Moresby Stock Exchange (POMSoX) have
announced that POMSoX has gone live with the widely deployed Nasdaq Matching
Engine that operates on the Nasdaq Financial Framework platform. The launch of
the new trading platform is a result of an upgrade from previous Nasdaq trading
technology. The new trading engine will handle the trading of equities in the
Papua New Guinea market. POMSoX has been a customer of Nasdaq since 1999. 

"The Nasdaq trading platform will allow significant innovation in terms of
market design and market offerings," said Johnson Kalo, a POMSoX board member
said. "We believe the platform will provide strong support for future growth in
the PNG market and provide new business opportunities in areas such as market
data distribution." 

"We are pleased to continue to support POMSoX, a longstanding Nasdaq customer,"
said Robert Frojd, Regional Manager, South Asia, Southeast Asia & Pacific,
Market Technology, Nasdaq. "This launch also highlights the scalability and
flexibility of our technology. We believe, with our latest matching engine in
place, POMSoX will be in a strong position to continue its focus on growing
volumes and attracting new investors." 

Nasdaq's market infrastructure technologies, including trading, real-time risk,
index, clearing, CSD and market surveillance systems are operated in more than
100 marketplaces, regulators, clearinghouses and central securities
depositories across the Americas, Europe, Asia, Australia, Africa, the Middle
East and the Caribbean. 

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. Nasdaq is home to approximately 3,900 total
listings with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com 

About POMSoX

The Port Moresby Stock Exchange (Abbrev. POMSoX) is the principle stock
exchange of Papua New Guinea. It is responsible for running and maintaining the
independent operations of the stock market in the country. 

POMSoX primary task is to ensure integrity in its systems and provide
confidence to investors and market participants. 

Services provided by the exchange comprise of listing, trading, clearing and
settlement that cover companies listed both on domestic and foreign markets. 

With the use of its technological facility, the Port Moresby Stock Exchange
Trading System (Abbrev. PETS), POMSoX opens its market everyday at 9am-4pm
business days and ensures trades are carried out by the two participating
organizations. 

With 19 years of exchange experience, POMSoX is fairly small and slowly growing
with a Market Capitalization of K54.4 billion. It currently lists 17 companies
that cover the range from Aviation, Banking and Finance, Finance, Industrial,
Mining and Exploration and Oil and Gas industries. 

NDAQG

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