Genium brings new dimensions to managing the transformation of the exchange industry, OMX claims. The product was designed to be the world’s fastest trading system and it combines innovative functionality, a modular construction and standardized access to enable fast business development.
The Nordic Exchange will be first to implement Genium, starting this year by providing FIX access to equity market data, followed next year by FIX access to equity and derivatives trading. Thereafter, the Nordic Exchange plans to move cash and derivatives trading to a Genium-based solution.
The exchange industry is evolving fast. Increased openness, competition, cross border trading and changing trading models puts new demands on speed, availability and agility, said Magnus Bocker CEO of OMX. Based on OMX experience of operating the Nordic Exchange and powering more than 60 exchanges around the world, Genium has been designed to empower exchanges in the race for high capacity, low latency and scalability.
