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2015-04-22

The NASDAQ OMX Group, Inc.: Nasdaq to Provide SMARTS Market Surveillance Technology to Japan Electric Power eXchange

NEW YORK and TOKYO, April 21, 2015 (GLOBE NEWSWIRE) --Japan Electric Power
eXchange (JEPX), the primary exchange for electricity in Japan, has announced
that they will enhance their market oversight capabilities
withNasdaq's(Nasdaq:NDAQ) leading SMARTS Market Surveillance platform. The
technology will give JEPX the surveillance tools to monitor spot and forward
transactions of electricity for market manipulation, as well as complex
analytical capabilities. The surveillance system will be operational before
the full deregulation of Japan's electricity industry which is slated to
enter into the country's retail sector in April 2016.Mitsubishi Electric
Corporation (MELCO)will be the system integrator for this project.

"We're pleased to partner with a market leader such as JEPX, as we look to
assist exchanges to become safer and more transparent for market players
across the globe," said Lars Ottersgård, Executive Vice President, Market
Technology. "As deregulation of the electricity sector increases the role of
JEPX in the setting of electricity prices in Japan, SMARTS Market
Surveillance will enable JEPX to leverage sophisticated surveillance
technology to support the growth of the market and safely optimize trading
activity."

Traditionally the Japanese electricity industry has been divided into 10
regions each with a monopolistic, vertically integrated utility responsible
for generation, transmission and distribution networks to customers. The
industry has focused on the security of supply and retail electricity prices
which are among the highest in the world, since utility providers are allowed
to pass costs to consumers and aren't exposed to competition.

To increase competition and efficiency in the market the Japanese government
embarked on a policy of deregulation which has accelerated in recent years.
JEPX's trading volume has been increasing significantly due to these
deregulation measures and the exchange will play an increasingly important
role in setting of power prices. In 2016, the distribution to the retail
sector is expected to be fully opened up, and electricity derivatives
products will also be introduced in the market.

SMARTS Market Surveillance platform is able to identify manipulative practices
across all forms of trading, and Nasdaq has invested in visualizations and
detection techniques focused on protecting electricity and power markets.
SMARTS Market Surveillance will also be rolled out across Europe by the
European Union to monitor all wholesale electricity market activity.

SMARTS surveillance solutions operate in more than 50 trading venues and
regulators, and more than 90 market participants across 65 markets.

About Nasdaq

Nasdaq
(Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology,
listing, information and public company services across six continents.
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 70 marketplaces in 50 countries, and
1 in 10 of the world's securities transactions. Nasdaq is home to more than
3,500 listed companies with a market value of over $9.1 trillion and more
than 10,000 corporate clients. To learn more,
visithttp://nasdaq.com/ambitionorhttp://business.nasdaq.com.

About Japan Electric Power eXchange

JEPX is a wholesale electric power exchange founded on November 2003, based on
the purports of the report "Framework of the Desirable Future Electricity
Industry System" presented by the Electricity Industry Committee of the
Ministry of Economy, Trade and Industry (METI). JEPX is responsible for
opening and operating the wholesale electric power exchange that mediates
sport transactions and forward transactions of electricity. To learn more,
visithttp://www.jepx.org/english/index.html.

NDAQG

CONTACT: MEDIA CONTACTS
Nasdaq:
Ryan Wells
(646) 581-4286 (M)
Ryan.Wells@nasdaq.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire

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