Today, OMX Nordic Exchange introduces a new offering, Proximity Services,
developed to facilitate algorithmic trading strategies and to minimize overall
latency. By shortening the physical distance between components, network delays
can be decreased.
Proximity Services allows members of the Nordic Exchange to place their trading
equipment within the Nordic Exchange's trading and market data infrastructure.
This allows for high speed market data and trade execution with network latency
levels down below 1 millisecond.
“Requirements for trading in financial products are rapidly moving from a pure
ability to send orders for execution and receive information, towards a need of
higher and higher end-to-end efficiency - with demands to reduce latency in all
aspects. This development is driven by the increase in algorithmic trading and
the requirements for best execution within MiFID,” says Jukka Ruuska, President
of Nordic Marketplaces at OMX.
The Proximity Services will be offered in a number of different packages with
different scope and service levels, but all with the same low network latency.
For more information, please contact
Jonas Rodny OMX Nordic Exchange +46 8 405 72 67
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.
