Tag Archives: NASDAQ OMX

NASDAQ Private Market Expands Senior Leadership Team

Carine Schneider to Head Equity Management Solutions

Cyndi RodriguezAppointed Chief Legal Officer

NEW YORK and SAN FRANCISCO, Nov. 22, 2013 (GLOBE NEWSWIRE) — NASDAQ Private Market, LLC (NPM) announced today two new appointments to its senior leadership team: Carine Schneider will head NPM’s Equity Management Solutions and Cyndi Rodriguez will serve as Chief Legal Officer. Both will be based in San Francisco. NPM will be the new capital market for leading private companies, bringing unprecedented efficiency, transparency and scale to the marketplace.

“We are excited to have Cyndi and Carine join NPM as we develop this market with Cyndi’s strong regulatory background and Carine’s expertise in equity plan management,” said Greg Brogger, President of NPM. Ms. Schneider and Ms. Rodriguez will report to Mr. Brogger, and Ms. Rodriguez will also report to Edward S. Knight, Chief Regulatory Officer and General Counsel, NASDAQ OMX.

“NASDAQ OMX has a deep history of supporting the growth and development of the world’s most innovative companies for their entire life cycle,” said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. “NPM will be the first of many ways by which we can partner with and provide value to private companies.”

Ms. Schneider is an industry veteran with established leadership in equity plan management. She will work directly with NPM’s corporate clients to enhance the management of their employee equity plans and capitalization table software solutions, and integrate them into NPM’s equity management solution. Ms. Schneider was previously the CEO of EASi, a leading provider of global stock plan tracking and reporting software; co-founder and CEO of Global Shares, an independent provider of global stock plan administration services; and a Partner with PricewaterhouseCoopers. She has also held senior level management positions with Morgan Stanley, Towers Watson, and Oracle. Ms. Schneider received her bachelor’s degree from the University of California, Santa Cruz.

Ms. Rodriguez joins NPM from the U.S. Securities and Exchange Commission. She will oversee regulatory compliance, interact with companies exploring their capital and security transaction needs, and lead NPM’s participation in policy issues affecting the private capital market. While at the SEC, Ms. Rodriguez held various senior positions including the Deputy Chief of Staff, Counsel to SEC Commissioners, and Special Counsel in the Division of Trading & Markets. She advised and helped implement various policy and rulemakings, including those under the Jumpstart Our Business Startups Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. Ms. Rodriguez also worked in private practice. Ms. Rodriguez earned a J.D. from The University of Texas School of Law and a Bachelor of Arts from The University of Texas at Austin.

About NASDAQ Private Market:

NASDAQ Private Market, LLC (NPM) will be the new capital market for leading private companies. Through its affiliated multi-broker-dealer network and partners, NPM will connect companies with a global community of investors, and provide an integrated equity solution to manage everything from structured liquidity programs to stock plan administration. Whether a company seeks to optimize an eventual IPO or remain private permanently, NPM will provide complete capital market support to meet its needs. For eligible investors and shareholders, NPM will be a place to discover and engage with some of the most exciting private companies.

Securities related services will be offered through a registered broker-dealer and alternative trading system affiliated with NPM called NPM Securities, LLC (NPMS). NPMS is currently undergoing the regulatory application process and is not yet in operation. Securities offered through NPMS are not listed or traded on The NASDAQ Stock Market LLC.

About NASDAQ OMX:

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade-from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond average speeds, our technology drives more than 80 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to more than 3,300 listed companies worth over $7 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

– NDAQA –

CONTACT: NASDAQ Private Market Media Contact:
         Jeremiah Hall
         (415) 349-5016
         jeremiah@torchcommunications.com

         NASDAQ OMX Media Contact:
         Joseph Christinat
         (646) 441 5121
         joseph.christinat@nasdaqomx.comWill Briganti
         (646) 441 5012
         william.briganti@nasdaqomx.com

Source: NASDAQ Private Market, LLC

This article appears in: News Headlines

Read more: http://www.nasdaq.com/press-release/nasdaq-private-market-expands-senior-leadership-team-20131122-00503#ixzz2pO0JfSNy

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ABOUT SHARESPOST

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With a listing of over 200 fast-growing companies, an extensive network of investors assembled in one place online, and a broad offering of independent, third-party research and customized products and services, SharesPost brings greater efficiency, flexibility, and control to the process of raising capital, and buying or selling shares in the private capital market.

SharesPost’s  management team includes experienced executives from the financial services, banking, legal,technology and security sectors, with concentrated expertise in working with emerging industryleaders.
SharesPost is a registered broker-dealer, a member of FINRA and SIPC. For more information,please visitwww.sharespost.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about The NASDAQ Private Market and NASDAQ
OMX’s other businesses, products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not
limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

NDAQG
NASDAQ OMX Media Relations Contacts:
Joseph Christinat +1.646.441.5121
Jennifer Knapp +1.212.401.8916

ABOUT NASDAQ OMX GROUP

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“NASDAQ OMX has a long history of pioneering capital markets solutions for companies and creating more efficient markets,” said SharesPost Founder, Greg Brogger. “Its dedication to that mission, and SharesPost’s best-in-class trading platform, will create a new kind of private market and will help NPM solve the critical challenges facing today’s private companies.”

NPM will launch later this year pending regulatory approvals, with Greg Brogger as President, and will be based in San Francisco. SharesPost’s broker dealer and RIA businesses will continue to operate separately from the joint venture.

ABOUT NASDAQ OMX GROUP 

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products.

Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily.

Welcome to the NASDAQ OMX Century. To learn more,
visitwww.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and
Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

ABOUT SHARESPOST
SharesPost is the market for today’s fast-growing private companies, their shareholders and qualified investors. SharesPost represents companies who wish to conduct managed liquidity programs and raise primary capital online; provides investors access to private companies through direct investments and managed funds; offers shareholders liquidity options; and empowers option holders to exercise their options.

NASDAQ OMX AND SHARESPOST TO FORM PRIVATE MARKET

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NASDAQ OMX AND SHARESPOST TO FORM PRIVATE MARKET
The Joint Venture – The NASDAQ Private Market – Intends to Enhance the
Efficiency and Control of the Market for Private Shares

=====    Pre-IPO Market Will be Open to All Broker-Dealers   =====
NEW YORK and SAN FRANCISCO, March 6, 2013 (GLOBE NEWSWIRE) — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and SharesPost, Inc. announced today a joint venture that will establish the preeminent marketplace for private growth companies. The venture combines NASDAQ OMX’s market and operating expertise as well as resources with SharesPost’s leading web-based platform.
The NASDAQ Private Market (NPM) will provide improved access to liquidity for early investors, founders and employees while enabling the efficient buying and selling of private company shares. While NASDAQ will retain a majority stake in the venture, specific terms of the joint venture were not disclosed.

“The support of entrepreneurs is a fundamental element of our DNA at NASDAQ OMX,” said Bruce Aust, EVP of NASDAQ OMX. “The NASDAQ Private Market will provide private companies additional flexibility as they plan for their future and, at the same time, bring the investment community unique opportunities. By combining our resources, expertise and reach with SharesPost’s established technology, we will bring scale, efficiency and transparency to this  marketplace.”

An increasing number of companies are choosing to remain private longer, which requires an efficient means to access liquidity for employees and investors. NPM will offer a complete, endto-end solution that will enable a private company to control the marketplace for its shares.
Transactions on NPM will meet NASDAQ OMX’s industry-leading standards for security,compliance and client support.