Nasdaq OMX Group, a global exchange company, has introduced 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 US and the company’s London-based MTF, Nasdaq OMX Europe, and with this launch it will be utilized in all Nasdaq OMX equities markets across the world.
Nasdaq OMX’s INET technology trading platform is capable of handling one million messages per second at sub-250 microsecond average speeds. INET also serves as the backbone for Genium, Nasdaq OMX’s commercial exchange technology offering.
Hans-Ole Jochumsen, president of 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.”
Anna Ewing, CIO at Nasdaq OMX, said: “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.”