The NASDAQ OMX Group, Inc.
23.04.2012 19:31
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SWXess Trading Platform Migrates to X-stream INET Technology for Low-Latency
and High-Throughput Advantages
STOCKHOLM, Sweden, 2012-04-23 19:30 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the SIX Swiss Exchange
today successfully completed its upgrade to a new trading platform based on
NASDAQ OMX's world-leading INET technology. SIX Swiss Exchange's upgrade of its
existing SWXess trading platform utilizes NASDAQ OMX's X-stream INET technology
to enable significant latency and throughput advantages in all asset classesfor
its trading members.
SIX Swiss Exchange is the first exchange in the world to deploy NASDAQ OMX's
X-stream INET technology, which is built to enhance performance, latency and
volume capacity whilst retaining the rich functionality that the standard
X-stream version offers across all market types and asset classes. In addition
to its proprietary interfaces, X-stream INET enables member access via ITCH and
OUCH, which are among the most widely adopted trading protocols globally.
Christian Katz, CEO of SIX Swiss Exchange, said: 'We have seen the number of
participants, the number of securities listed and the number of trading
transactions rise strongly in the last two years. By upgrading our trading
platform and launching our co-location service, we are keeping pace with the
expansion of SIX Swiss Exchange. Today represents the next major milestone in
our continuous pursuit of best-in-class services. Client focus combined with
state-of-the-art technology are essential to attracting additional liquidity.
Right now, we are setting a new standard for trading, risk management and the
future growth of SIX Swiss Exchange.'
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented:
'SIX Swiss Exchange has always been in the technology forefront and today's
technology upgrade truly reinforces their position in the global exchange
arena. The ultra-low latency enabled by X-stream INET in combination with
functionality and throughput advantages puts SIX Swiss Exchange in a prime
position to attract new volumes and members to its markets.'
About X-stream INET
X-stream INET represents the latest commercial exchange technology offering
from NASDAQ OMX. X-stream INET successfully combines NASDAQ OMX's world leading
INET technology with the proven X-stream platform resulting in one of the most
efficient and scalable trading platforms in the world, with microsecond speeds,
high reliability and throughput capacity. X-stream INET targets those exchanges
wanting to expand their market/product offerings where high capacity,
performance and pre-trade position and risk management are essential. While at
the same time introducing more efficient exchange (binary) protocols resulting
in increased functional scope and ease of market connectivity.
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group,
Inc., fuels economies with revolutionary technologies for the entire lifecycle
of a trade - from risk management to trade to surveillance to clearing. In the
US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-80 microsecond speeds with 99.999%
uptime, our technology drives more than 70 exchanges in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1
trillion in market cap whose innovations shape our world, we give the ideas of
tomorrow access to capital today. Welcome to where the world takes a big leap
forward, daily. Welcome to the NASDAQ OMX Century. NASDAQ OMX Nordic and
NASDAQ OMX Baltic are not legal entities but describe the common offering from
NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn,
Riga, and Vilnius.
To learn more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
NDAQG
CONTACT: NASDAQ OMX Media Contact:
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
News Source: NASDAQ OMX
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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DGAP-News: SIX Swiss Exchange Successfully Upgrades to INET-Based Trading Platform From NASDAQ OMX
| Source: EQS Group AG