Nasdaq opens support office in Philippines

Associated Press

MANILA, Philippines (AP) — Nasdaq has opened a customer service center in the Philippines.

The operator of the namesake U.S. stock exchange said Wednesday its first Manila office has 170 staff and will be focused on advisory service such as shareholder analysis for public companies and their investor relations officers.

Aside from its stock and futures markets in the U.S., Nasdaq OMX has exchanges in Europe as well as stock index and trading technology businesses. In Asia, 17 exchanges run its trading and post-trading technology.

"This new opening boosts our presence in the region," said Robert Frojd, a Nasdaq executive.