OMX has introduced a new trading platform, which it claims is its fastest ever. The new technology is called Genium.
“The exchange industry is evolving fast. Increased openness, competition, cross border trading and changing trading models puts new demands on speed, availability and agility,” says Magnus Bcker, CEO of OMX .
“Based on OMX experience of operating the Nordic Exchange and powering more than 60 exchanges around the world, Genium has been designed to empower exchanges in the race for high capacity, low latency and scalability”.
The Nordic Exchange will be first to implement Genium, starting this year by providing FIX access to equity market data followed next year by FIX access to equity and derivatives trading.
Thereafter the Nordic Exchange plans to move cash and derivatives trading to a Genium based solution.
“The Nordic Exchange is an integral part of the development of Genium and our customers will be the first to take advantage of its new capabilities, including improved speed and trading efficiency,” says Jukka Ruuska, President of OMX Nordic Exchange.
“Genium will also bring new services to reinforce OMX Nordic Exchanges position as a driver in exchange innovation”.