Nasdaq OMX gears up for European launch

Nasdaq OMX gears up for European launch

Transatlantic exchange Nasdaq OMX is gearing up to launch a new data centre in London to support its forthcoming pan-European trading and routing facility.

The London-based facility will serve as the primary data centre for Nasdaq OMX Europe, which will offer share trading in the constituents of all leading European indices at launch.

The service is expected to go live next month, subject to approval from the UK's Financial Services Authority (FSA).

The new data centre will also provide access to US-based data services such as Nasdaq TotalView and Nasdaq Last Sale.

Earlier this year the exchange said it would offer proximity services for market participants to locate trading engines on-site in order to enhance trading speed.

Nasdaq OMX Europe is one of a number of alternative trading systems (ATS) launching in the European market this year following the introduction of the Markets in Financial Instruments Directive (MiFID) last November.

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