PRN: WGMI Signs NASDAQ OMX Agreement for Distributing NASDAQ Prices and Marketing its Trading Platform on NASDAQ Websites
WGMI Signs NASDAQ OMX Agreement for Distributing NASDAQ Prices and Marketing its Trading Platform on NASDAQ Websites
NEW YORK, March 8, 2012 /PRNewswire/ --
Win Global Markets, Inc. (OTCBB:WGMI) a leading provider of online trading of binary options, announced that its wholly owned subsidiary, WGM Services Ltd has entered into an agreement with NASDAQ OMX for the distribution of NASDAQ OMX price quotes of US markets and Nordic exchanges in Stockholm, Copenhagen and Helsinki.
Pursuant to the agreement entered, certain NASDAQ OMX price quotes will be featured on WGM's two leading Internet brands: EZTrader.com and GlobalOption.com. WGM is the only online binary option trading platform to distribute NASDAQ OMX price quotes including NASDAQ Basic.
In addition, WGM will make use of NASDAQ OMX's global websites and Nordic web pages to market both of its binary option brands: http://www.eztrader.com Â and http://www.globaloption.com. WGM estimates that, given the large global audience frequenting NASDAQ OMX websites and the credibility of NASDAQ OMX price quotes, traffic to WGM's binary options websites will increase and thus contribute to generating increased revenues.
"We are excited to offer the world's leading exchange group's price quotations to our customers and provide them with high quality data including NASDAQ Basic, the low cost alternative to level 1 data," commented Shimon Citron, CEO of Win Global Markets.
Mr. Citron added, "Marketing our brands on NASDAQ OMX websites would contribute to higher visibility of our trading activity and thus broaden the circle of our clients' base."
"By offering NASDAQ OMX market data, WGM shows true dedication to providing the highest quality market data for their customers. NASDAQ OMX offers a variety of real-time, low-latency data feeds to allow traders and investors the ability to profit from the high liquidity of both the NASDAQ Stock Market in the U.S as well as the Nordic markets in Denmark, Finland and Sweden, an option which is now also accessible for WGM customers," said Oliver Albers, Vice President at NASDAQ OMX Global Data Products.
Binary options are a simple trading tool enabling traders gain greater short-term returns than most other trading channels.
About Win Global Markets, Inc.
Win Global Markets, Inc. through its wholly owned subsidiary WGM Services Ltd., engages in the provision of online trading of binary options in a number of languages through http://www.eztrader.com Â and http://www.globaloption.com. WGM offers proprietary trading software and operates 22-hours 6-days a week. WGM's online binary options trading business is focused at traders who seek to realize profits in a short period of time.
This press release contains forward-looking statements. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. For example, when we discuss the agreement with NASDAQ and how it is expected to increase the traffic to our binary options websites, contribute to generating increased revenues, broaden the circle of our clients base and provide our customers with the most comprehensive and accurate services, we are using forward looking statements. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the company's financial condition, prospects and opportunities, legal ri! sks associated with the binary options trading industry and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the company, Â reference is made to the company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as ot! herwise required by law.
All references to "WGMI" or "WGM" refer to Win Global Markets, Inc. and/or WGM Services Ltd., and their consolidated subsidiaries.
Company Codes: OTC-BB:WGMI