NEW YORK, Feb. 15, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that the trading of the common stock of Xoom Corporation (Nasdaq:XOOM),a leader and pioneer in the consumer-to-consumer international money transfer industry, commenced on the NASDAQ Global Market on Friday, February 15, 2013. Xoom will trade under the ticker symbol XOOM.
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Xoom is a pioneer and leader in the online consumer-to-consumer international money transfer industry. Through extensive partnerships with major banks and leading retailers, Xoom has created a global disbursement network stretching across 30 countries and delivers high-quality service through regionally-recognized, trusted brands. Xoom technology enables easy-to-use online and mobile sender interfaces, effective risk management and seamless integration with their disbursement partners' systems. Since January 2008, $6.6 billion dollars has been sent using the company's platform.
"Xoom has redefined the online and mobile payment industries and has made it convenient, fast and cost-effective for customers to transfer money around the globe," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "NASDAQ is proud to welcome the world's greatest innovators to our markets, and we look forward to supporting Xoom and its shareholders in its endeavors as a publicly listed company."
Since its inception, NASDAQ has consistently been the exchange of choice for innovative and progressive information technology companies like Xoom. In total, NASDAQ is home to 75% of all info tech companies listed on US exchanges.
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 23 markets, 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 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 3,400 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, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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Xoom is a global online money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the 12 months ended December 31, 2012, Xoom's more than 750,000 active customers sent more than $3.2 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com.
The photo is also available via AP PhotoExpress.
Source:The NASDAQ OMX Group, Inc.