National Stock Exchange(SM) (NSX(R)) today announced the opening of new offices in Jersey City, officially establishing the Exchange's headquarters in the heart of the East Coast financial district.
NSX completed its move last week to its new headquarters at 101 Hudson Street in Jersey City, NJ, from its former Jersey City location at 525 Washington Blvd. NSX first opened an East Coast office in April 2005, when the Exchange began developing NSX BLADE(SM), an entirely new technology platform that would become the centerpiece of NSX's new business plan. Initially housing the Exchange's technology group, NSX's East Coast facility has since expanded to include the Exchange's business development, strategic planning and customer services areas.
Joseph S. Rizzello, Chief Executive Officer of NSX, said, "The growth of NSX's presence on the East Coast parallels the major transformation that has taken place at NSX over the past year and a half. With our customer base largely concentrated on the East Coast, establishing our headquarters in close proximity to them makes strategic sense. It enables us to provide our customers with the highest level of service possible, our top priority since day one. Now, with our new East Coast headquarters and an established office in Chicago, NSX is positioned to most effectively serve the country's two major financial centers and customers nationwide."
The establishment of an East Coast headquarters is the next natural step in NSX's evolution. It follows a period of unprecedented change at NSX over the past year and a half that has included the development of a completely new business model, demutualization into a for-profit corporation, the equity investments that followed from six leading Wall Street firms and ECNs, and the building of an entirely new technology platform.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Founded in 1885, NSX has been a driving force for change in the world of securities exchanges and continues to lead the way in exchange innovation. For more information, visit NSX's website at http://www.nsx.com.