OMX Signs Agreement with Cicada for Genium Market Info
Cicada announced today that it has completed an agreement with OMX to provide technology, development resources, ongoing system support and sales support for Genium Market Info, the new low latency financial information management and distribution technology from OMX.
Genium Market Info incorporates core elements of the Cicada Composer system. Genium Market Info is designed to be compatible with all OMX trading systems and solutions and is available now.
“This is an exciting opportunity for Cicada, and we are very pleased that OMX has selected us and our Composer technology,” said Gregory Smith, Cicada’s President and CEO. “OMX is a clear leader in the exchange technology space and a successful exchange owner/operator. We’re looking forward to a continued successful relationship, working together to launch new and innovative products for the changing global market.”
OMX has over 60 exchange customers and is the largest supplier of technology solutions to the exchange industry in the world. In addition to its technology business, OMX is an exchange operator, providing access to approximately 80 percent of the Nordic and Baltic securities markets.
Cicada, founded in 1998, has developed a wide range of financial services industry solutions based on its Composer technology. In addition to low latency, high availability information distribution technology for exchanges, Cicada’s offerings address reference data management, counterparty data management, customer on-boarding and the data requirements driven by anti-money laundering and Know Your Client regulations, MiFID compliance, risk management, and low latency data management for algorithmic trading.
Prior to this agreement, Cicada had also held a marketing and product alliance with Computershare. Computershare was acquired by OMX in 2006.
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