Fixnetix provides direct market data feed to Nasdaq OMX Europe

Source: Fixnetix

Fixnetix, a leading provider of ultra-low latency market data, has announced sub-millisecond data feed connectivity to the new NASDAQ OMX Europe marketplace designed for the high performance of European blue chips.

The new direct market data feed to NASDAQ OMX Europe will take advantage of Fixnetix's unparalleled high bandwidth data provision and best-of-breed feed handler technology. This will provide customers with the highest quality NASDAQ OMX Europe data, avoiding compression algorithms and offering a full order book wherever possible.

NASDAQ OMX Europe is a new marketplace designed for high performance trading in European blue chips. It will serve customers seeking a highly liquid trading and routing platform for the most actively traded European stocks. NASDAQ OMX Europe will enable best execution in high volume securities trading in a cross-border, multi-market environment. The market opened on 26th September 2008 with the ability to trade 25 constituents of the FTSE 100. This will then be followed by a staggered roll-out of approximately 600 European securities to be completed by the end of October.

"We believe our platform has the potential to revolutionise the patterns of trading in Europe and we're delighted when a provider of ultra-low latency market data such as Fixnetix announces connectivity to NASDAQ OMX Europe," said Charlotte Crosswell, president of NASDAQ OMX Europe. "We're determined to make NASDAQ OMX Europe the marketplace of choice for customers seeking a highly liquid trading and routing platform for the most actively traded European stocks."

"With our ultra low latency data feed to NASDAQ OMX Europe's new market we can provide firms with the fastest access. In addition our proven reliability will ensure zero data loss and provide customers with the re-assurance of sub-millisecond performance without any buffering or loss of data," added Hugh Hughes, Fixnetix's Chief Executive Officer. "Our commitment to end-to-end market data provision makes us an ideal data feed choice for customers looking to take advantage of NASDAQ OMX Europe's best execution capabilities."

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