Building on its licensing deal with software firm Cicada, exchange owner and technology provider OMX has introduced Genium Market Info, a new low-latency distribution system for market data.
Genium Market Info includes the management functionality needed to serve as a business development tool for new and innovative information services. It is part of the new Genium exchange technology from OMX.
To develop Genium Market Info, OMX acquired a license for technologies from Cicada, and the product incorporates core elements of the Cicada Composer system.
As part of the Nordic Exchange’s plans for Genium, OMX will implement Genium Market Info as the new distribution facility for consolidated market data to information vendors. The new technology is expected to significantly shorten time to market for new services like disseminating data from new sources.
Success in the financial markets is closely linked to the ability to obtain the right information in the right format, as quickly as possible. Accordingly, OMX Nordic Exchange recently announced Genium FIX, providing low latency access to raw market data, commented Hans-Ole Jochumsen, president of information services and new markets at OMX. With Genium Market Info we now take further steps to reduce latency and introduce new information services for our customers.
Genium Market Info is designed to work with all OMX trading solutions and is available now.