OMX introduces new solution for market data distribution - Genium Market Info

OMX, the leading expert in the exchange industry, today introduces Genium
Market Info, a low latency distribution system for market data. Raising the bar
on speed and flexibility, Genium Market Info includes the management
functionality needed to serve as a business development tool for new and
innovative information services. 

Genium Market Info is part of Genium, the new exchange technologies from OMX,
that bring new dimensions to managing the transformation of the exchange
industry. To develop the solution, OMX has acquired a license for technologies
from Cicada, a leader in providing software solutions for financial data
management. 

“There are great prospects to better leverage information services to improve
market quality, grow revenue and gain competitive advantage. With automated and
algorithmic trading as significant market forces, the speed at which
information is needed has increased accordingly. Genium Market Info empowers
exchanges in seizing new opportunities and delivering market information with
ultra-low latency”, says Markus Gerdien, President, Market Technology, OMX. 
	
As part of the Nordic Exchange's plans for Genium, OMX will implement Genium
Market Info as the new distribution facility for consolidated market data to
information vendors. The new solution will significantly shorten time to market
for new services like disseminating data from new sources. The time plan and
implementation details will be decided following vendor consultations. 

“Success in the financial markets is closely linked to the ability to obtain
the right information in the right format, as quickly as possible. Accordingly,
OMX Nordic Exchange recently announced Genium FIX, providing low latency access
to raw market data. With Genium Market Info we now take further steps to reduce
latency and introduce new information services for our customers”, says
Hans-Ole Jochumsen, President, Information Services and New Markets, OMX. 

Genium Market Info incorporates core elements of the Cicada Composer system. As
part of the agreement Cicada will provide OMX with sales support, development
resources and ongoing system support. Genium Market Info is designed to work
with all OMX trading solutions and is available now. 

For more information, please contact:
Niclas Lilja, Press Relations, OMX				+46 8 405 63 95 

 
About OMX | OMX is a leading expert in the exchange industry. Through the
Nordic Exchange, OMX offers access to approximately 80 percent of the Nordic
and Baltic securities market. The Nordic Exchange is a term used for marketing
purposes and is not a legal entity. It describes the common offering from the
Helsinki Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange,
Iceland Stock Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius
Stock Exchange. OMX' integrated technology solutions cross the transaction
chain enabling efficient securities transactions for over 60 exchange
organizations in more than 50 countries. OMX is a Nordic Large Cap company in
the Financials sector on the OMX Nordic Exchange. For more information, please
visit www.omxgroup.com 

About Cicada | Cicada is a leader in providing data management software and
compliance solutions to financial institutions, exchanges and data vendors. The
foundation for the company's product line is its proprietary Cicada Composer
data management software infrastructure, which provides end-to-end capability
for data acquisition, validation, packaging, workflow management, manual
intervention, and distribution. Cicada offers a range of deployment options
including in-house and ASP models. www.cicadacorp.com