The Nasdaq OMX Group (Nasdaq:NDAQ) reports today that it has successfully rolled out bond trading on Genium Inet for five of its Nordic and Baltic markets.
From today forward, all NASDAQ OMX Nordic and Baltic fixed income activities will take place on one unified platform. Bond trading of over 5,000 listed bonds on the fixed income markets in Denmark, Sweden, Finland, Latvia and Lithuania will join Iceland in trading on INET.
NASDAQ OMX is the central marketplace for fixed income activities in the Nordic and Baltic region. With over 5,000 listed bonds on the fixed income markets in Denmark, Finland, Iceland, Sweden, Latvia and Lithuania, NASDAQ OMX is the third largest bond market in Europe offering both retail and institutional bond segments. NASDAQ OMX Nordic and Baltic fixed income services include listing, trading, clearing and fixings.
Genium INET is a comprehensive multi-asset trading and clearing system with record-breaking performance, high reliability and operating capacity. Genium INET and its foundation, INET technology, deliver orders in sub-100 microsecond latency with throughput capacity of over 1,000,000 messages per second.
Hans-Ole Jochumsen, President of NASDAQ OMX Nordic, said, "Today NASDAQ OMX delivers another important step on our roadmap to strengthen the Nordic and Baltic financial markets. With the Genium INET launch, we achieve lower latency, higher capacity and IT efficiencies for our fixed income markets. The migration also means that all NASDAQ OMX Nordic and Baltic cash and derivatives trading of equities and our fixed income activities now take place on INET technology."
Anna Ewing, Chief Information Officer of NASDAQ OMX, said, "NASDAQ OMX is relentlessly committed to deliver on technology innovation to provide the best possible trading experience for customers and investors worldwide. The launch of Nordic and Baltic bond trading on Genium INET is further proof of our ability to power the trade of anything, anywhere on the planet."