Exchange group Nasdaq OMX has launched a new trading platform for its Nordic equity and fixed income derivatives markets, based on its Genium INET technology.
Genium INET is Nasdaq OMX's multi-asset trading and clearing system, which the exchange claims is capable of delivering an average latency of below 100 microseconds and a throughput of over one million messages per second.
“With the Genium INET launch we now extend the benefits of the world’s fastest trading technology to our Nordic derivatives markets, thus further contributing to a stronger Nordic financial market,” said Hans-Ole Jochumsen, president, Nasdaq OMX Nordic. “Based on our experience from our Nordic cash markets where INET was launched earlier this year, we expect increased interest in trading and improved market quality in Nordic derivatives products.”
Genium INET is also part of Nasdaq OMX's commercial technology offering. In 2011, Genium INET will be rolled out to customers of the Australian Securities Exchange and Singapore Exchange in 2011. Both exchanges announced their intention to merge today.