NASDAQ OMX proudly announces that the Futures and Options World (FOW) has awarded NASDAQ OMX the Best Innovation by an Exchange Award 2012 for the Genium INET platform integration in the Nordic and Baltic markets. The award was presented at the FOW International Awards in London on December 6.
Futures and Options World said: “Nasdaq OMX has long been a pioneer of technology in the industry and has provided its technology to over 70 markets worldwide since it was founded. In March, 2012 it completed the migration of commodities onto Genium INET trading platform finishing a four year process to offer all asset classes on a single trading platform.
Commodities was the final asset class to be migrated onto the Genium INET platform and includes a wide variety of power derivatives, carbon emission and natural gas derivatives that are now traded on the same technology platform as stocks, bonds, equities and fixed income derivatives.
Based on Nasdaq OMX’s INET technology, Genium INET is a comprehensive multi-asset trading and clearing system with ultralow latency performance and high reliability and operating capacity and is a pioneer in what one judge touted as “the holy-grail of single platform, multi-asset class trading …..”
Hans-Ole Jochumsen, Executive Vice President, Transaction Services Nordic and Global Data Products, NASDAQ OMX commented; “The integration of equities, fixed income and commodities on one platform for all Nordic and Baltic countries, has been a central part of our strategy to remain the first choice of investors for the Nordic market. We’ve already received the appreciation of our clients as this reduces their cost and increases their efficiency. We are pleased to see our hard work acknowledged by FOW.”