The Nasdaq OMX Group (Nasdaq:NDAQ) reports today that it successfully rolled out the Inet trading system in all seven of its equities markets in the Nordics (Copenhagen, Helsinki, Iceland and Stockholm) and the Baltics (Riga, Tallinn, and Vilnius).
The INET trading platform is currently operating the NASDAQ Stock Market in U.S. and the company's London-based MTF, NASDAQ OMX Europe, and as of today will be utilized in all NASDAQ OMX equities markets across the world.
Hans-Ole Jochumsen, President NASDAQ OMX Nordic said, "This trading system shift is one of the biggest infrastructural changes in the history of the Nordic and Baltic equities markets. With INET in place we can offer investors access to the world's fastest and most scalable trading system. This will allow us to grow volumes and liquidity, which benefits all investors and ultimately the regional economies. It will enable us as an exchange and the Nordics and Baltic regions to better compete in Europe's increasingly competitive trading environment."
NASDAQ OMX's INET technology is the most efficient and scalable trading platform in the world, with microsecond speeds, and high reliability and capacity. The INET system is capable of handling one million messages per second at sub-250 microsecond average speeds, the fastest of any exchange or alternative trading system in the world. INET also serves as the backbone for GENIUM, NASDAQ OMX's commercial exchange technology offering.
Anna Ewing, CIO at NASDAQ OMX commented, "Combining all our exchanges on a single trading platform was one of the key goals when we merged, and now we are able to fully leverage significant economies of scale.
Moving our seven exchanges to one platform in a single roll-out is an accomplishment that is unrivaled in the exchange space, and we are delighted to now be able to offer this world-leading technology on our Nordic and Baltic markets."