19 January 2018
visit http://response.ncr.com

Nasdaq OMX Nordic launches order routing service

21 February 2011  |  2727 views  |  0 Source: Nasdaq OMX Nordic

Nasdaq OMX Nordic (NASDAQ:NDAQ) today launched an order routing service for the most liquid Nordic listed shares.

This new, cost-efficient order routing solution will help NASDAQ OMX Nordic members find the best price on NASDAQ OMX, or any of the main European trading venues, via one single gateway.

Hans-Ole Jochumsen, President of NASDAQ OMX Nordic said, "The Nordic marketplace is second to none in its ability to meet the demands of market participants on execution quality, offering the best price 85-90% of time. The introduction of Nordic order routing underscores our commitment to strengthen our offering further. The order router is an easy to use service that helps our members to discover better prices for their customers as well as to strengthen their own business opportunities in an environment where technology and connectivity is key."

The Nordic Order Routing service covers the most liquid CCP cleared Nordic shares and is connected to five European trading venues. In the event there are better prices on other trading venues the order is routed to the venue providing the most competitive price. The NASDAQ OMX Nordic order router utilizes low latency market data provided by Thomson Reuters Elektron to make accurate routing decisions.

The service is integrated with the core matching engine in Stockholm and is available through NASDAQ OMX Nordic members' existing connectivity. Additional routing strategies are scheduled to be rolled out in the coming months.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11064 views comments | 32 tweets | 37 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10254 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9864 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9347 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8373 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job