Costs Expected to Fall for Back-Testing of Algorithmic Trading Systems NEW YORK and SAN MATEO, Calif., Jun 22, 2010 (GlobeNewswire via COMTEX) — The NASDAQ OMX Group, Inc. (NDAQ 19.00, +0.00, +0.00%) , the world’s largest exchange company, and Xignite, Inc., the leading cloud services provider of on-demand data distribution technologies, today announced that NASDAQ has selected the XigniteOnDemand platform to build NASDAQ Data-On-Demand, a cloud-based computing solution for historical tick data distribution. NASDAQ plans to launch Data-on-Demand in the second half of 2010 to provide easy and flexible access to large amounts of detailed historical NASDAQ Level 1 trade
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