NEWS RELEASE
March 6, 2008
Reuters is the First to Offer High Speed Data Feed
from OMX Nordic Exchange
Stockholm, March 6, 2008 — OMX Nordic Exchange, marketplaces operated by The
NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) today announced that Reuters has launched
a high-speed data feed that is directly connected to the Nordic Exchange's full
order book. Reuters Data Feed Direct allows professional investors and vendors
to receive market data directly from the OMX trading system with the same low
latency as members of the OMX Nordic Exchange.
Reuters is the first vendor to offer this data feed, which provides market data
for equity and related products. The data is derived from OMX's low latency data
feed based on GENIUM FIX that launched in November 2007. OMX and Reuters
collaborated on the set-up of Reuters Data Feed Direct in response to increasing
customer demand for accurate and timely data. This demand is due to a rapidly
evolving financial market landscape that is driving increased competition,
openness and cross-border trading. As a result, automation and speed have become
critical for many market participants, with algorithmic trading now a widely
adopted strategy.
Randall Hopkins, Vice President, Market Data Distribution, NASDAQ OMX Group,
commented: “Laws, regulations and increasing demand from investors for rapid and
reliable information are forces driving the market for communication tools. By
meeting investors' demand for high quality information, investors are able to
make better informed investment decisions. OMX is pleased to have worked with
Reuters and other data vendors to develop its low latency capabilities to secure
a true level playing field for members as well as investors.”
Mike Powell, Global Head of Real-Time, Reuters, added: “Reuters is dedicated to
supporting the growth of our customers' business and to meeting the increasing
demand for low latency market data and platform solutions. We are delighted to
be working with OMX, an organization with an excellent reputation for its
technology, to ensure accurate and timely data delivery. We look forward to
furthering our already strong relationship. Reuters is the only provider
offering a globally supported, fully managed direct feed service and is
committed to expanding venue availability throughout 2008 across all regions,
whilst simultaneously adding new asset classes.”
The new Reuters Data Feed Direct provides accurate and timely data to fuel
algorithms, pricing engines and other latency sensitive applications.
OMX and Reuters recognize the importance of market data in attracting and
retaining market participation and facilitating new trading strategies. In
keeping with the constant
expansion of its direct feed portfolio, Reuters is currently the first vendor to
offer a direct feed connection to the Nordic Exchange.
Reuters Data Feed Direct offers high performance exchange feed connectivity. It
reduces customer workload by providing a fully managed service including daily
reference data maintenance, all required hardware and software, and service
monitoring by Reuters support teams.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
and with over 3,900 companies, it is number one in worldwide listings among
major markets. NASDAQ OMX offers multiple capital raising solutions to companies
around the globe, including its U.S. listings market; the OMX Nordic Exchange,
including First North; and the 144A PORTAL Market. The company offers trading
across multiple asset classes including equities, derivatives, debt,
commodities, structured products and ETFs. NASDAQ OMX technology supports the
operations of over 60 exchanges, clearing organizations and central securities
depositories in more than 50 countries. OMX Nordic Exchange is not a legal
entity but describes the common offering from Nasdaq OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information
about NASDAQ OMX, visit www.nasdaqomx.com.
About OMX Nordic Exchange | OMX Nordic Exchange serves as a central gateway to
the Nordic and Baltic financial markets, offering listing and trading services
for among others; issuers, bank and brokers and market data vendors. The Nordic
Exchange comprises over 850 companies including its alternative market First
North and offers trading in equities, derivatives, fixed income and more. The
Nordic Exchange is not a legal entity but describes the common offering from
Nasdaq OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga,
and Vilnius. For more information, please visit www.omxgroup.com.
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.
CONTACTS:
The NASDAQ OMX Group, Inc.
Wayne Lee
2
The NASDAQ OMX Group, Inc.
001-301-978-4875
Wayne.D.Lee@nasdaqomx.com
Reuters Media Relations
Steve Clarke, Reuters Media Relations
+44-20-7542-6865
About Reuters | Reuters (www.reuters.com), the global information company,
provides indispensable information tailored for professionals in the financial
services, media and corporate markets. Through reuters.com and other digital
properties, Reuters now also supplies its trusted content direct to individuals.
Reuters drives decision making across the globe based on a reputation for speed,
accuracy and independence. Reuters has 17,500 staff in 94 countries, including
2,400 editorial staff in 196 bureaux serving 131 countries. In 2006, Reuters
revenues were £2.6 billion.
About Reuters Data Feed Direct | Reuters Data Feed Direct is a direct access
solution offering total latency of less than one millisecond; it is the only
fully managed service available in the market today. The RDF-Direct service
offers ultra-low latency full-tick feeds, direct from exchanges to the customer,
leaving out all intermediaries and is therefore ideal for algorithmic trading
programmes and other high-speed machine trading applications. Content from
Reuters Data Feed Direct integrates seamlessly with other Reuters Data Feeds and
the Reuters Market Data System enabling clients to leverage existing
consolidated feed and market data infrastructure together.
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The NASDAQ OMX Group, Inc.
