STOCKHOLM, Sweden, April 23, 2012 (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 classes for 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 Ottersgård, 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.
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.
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