Reuters offers high-speed data feed from OMX Nordic Exchange

Source: OMX

OMX Nordic Exchange, marketplaces operated by The NASDAQ OMX Group (NASDAQ: NDAQ) today announced that Reuters has launched a high-speed data feed that is directly connected to the Nordic Exchange's full order book.

Reuters Data Feed Direct allows professional investors and vendors to receive market data directly from the OMX trading system with the same low latency as members of the OMX Nordic Exchange.

Reuters is the first vendor to offer this data feed, which provides market data for equity and related products. The data is derived from OMX's low latency data feed based on GENIUM FIX that launched in November 2007. OMX and Reuters collaborated on the set-up of Reuters Data Feed Direct in response to increasing customer demand for accurate and timely data. This demand is due to a rapidly evolving financial market landscape that is driving increased competition, openness and cross-border trading. As a result, automation and speed have become critical for many market participants, with algorithmic trading now a widely adopted strategy.

Randall Hopkins, Vice President, Market Data Distribution, NASDAQ OMX Group, commented: "Laws, regulations and increasing demand from investors for rapid and reliable information are forces driving the market for communication tools. By meeting investors' demand for high quality information, investors are able to make better informed investment decisions. OMX is pleased to have worked with Reuters and other data vendors to develop its low latency capabilities to secure a true level playing field for members as well as investors."

Mike Powell, Global Head of Real-Time, Reuters, added: "Reuters is dedicated to supporting the growth of our customers' business and to meeting the increasing demand for low latency market data and platform solutions. We are delighted to be working with OMX, an organization with an excellent reputation for its technology, to ensure accurate and timely data delivery. We look forward to furthering our already strong relationship. Reuters is the only provider offering a globally supported, fully managed direct feed service and is committed to expandingider offering a globally supportetted to expandingider offering a globally supported, fully managed direct feed service and is committed to expanding venue availability throughout 2008 across all regions, whilst simultaneously adding new asset classes."

The new Reuters Data Feed Direct provides accurate and timely data to fuel algorithms, pricing engines and other latency sensitive applications.

OMX and Reuters recognize the importance of market data in attracting and retaining market participation and facilitating new trading strategies. In keeping with the constant expansion of its direct feed portfolio, Reuters is currently the first vendor to offer a direct feed connection to the Nordic Exchange.

Reuters Data Feed Direct offers high performance exchange feed connectivity. It reduces customer workload by providing a fully managed service including daily reference data maintenance, all required hardware and software, and service monitoring by Reuters support teams.

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