The Nasdaq OMX Group (NASDAQ:NDAQ) has launched Genium Inet, the world's fastest trading system, in its Nordic cash and fixed income derivatives markets.
Genium INET is a comprehensive multi-asset trading and clearing system, capable of delivering record-breaking performance with sub-100 microseconds average latency. In addition to powering NASDAQ OMX's own markets, this technology will also be part of its commercial exchange technology offering, giving NASDAQ OMX customers access to the fastest and most robust trading system in the world.
The Genium INET trading and clearing system combines rich functionality with record-breaking performance, high reliability and capacity. Genium INET and its backbone INET technology are capable of delivering an average sub-100 microseconds latency with a throughput of over 1,000,000 messages per second, making it the fastest trading system in the world.
Hans-Ole Jochumsen, President NASDAQ OMX Nordic said, "NASDAQ OMX is committed to innovation through technology to ensure our position as a driving force in the exchange industry and to provide the best possible trading opportunities for our customers and investors. With the Genium INET launch we now extend the benefits of the world's fastest trading technology to our Nordic derivatives markets, thus further contributing to a stronger Nordic financial market. Based on our experience from our Nordic cash markets where INET was launched earlier this year, we expect increased interest in trading and improved market quality in Nordic derivatives products."
Anna Ewing, Chief Information Officer of NASDAQ OMX said, "Genium INET highlights our commitment to designing and developing for a global environment while understanding the needs of local markets. Following the launch of Genium INET at our Nordic derivatives markets, we will be rolling out this high performance platform for our external customers ASX later this year and SGX in 2011. "