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NASDAQ OMX customers currently connected to NASDAQ OMX's Nordic exchanges through the extranet called "One Access" can now access the Pan European Market through the same connection.
"Our current European customers can immediately begin testing on the Pan European Market system. This is an important strategic development as we march towards our September launch," commented Chris Concannon, Executive Vice President, Transaction Services, NASDAQ OMX.
Concannon added, "The ease and immediacy associated with customer connectivity is a critical competitive feature of our market, given that many of our target customers are already connected."
OMX Nordic Exchange participants can use their existing One Access connection to access and start testing the Pan European Market through a VPN (virtual private network) which will enable a quick set-up at no cost to the participant. No additional or new link will be required.
The NASDAQ OMX Pan-European Market will enable best execution in high volume securities trading in a cross-border, multimarket environment. The market, which will be the first platform to connect European liquidity pools with Pan-European routing, is scheduled to open in September 2008. At launch it will trade approximately 300 of the most actively traded European blue chip shares. The NASDAQ OMX trading platform is recognized as the fastest in the industry with peak trading speeds of 250 microseconds. The launch of the NASDAQ OMX Pan-European Market is subject to FSA approval. -- www.nasdaq.com
Posted June 16th, 2008 by ruzik_tuzik
