NASDAQ OMX Improvements To INET Technology
September 11, 2009 (FinancialWire) — The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) announced the rollout of new enhancements and upgrades to its core trading technology known as INET. Recognized as the most sophisticated trading technology in the world, INET is the common technology utilized across NASDAQ OMX’s U.S. and European markets. It also serves as the backbone for GENIUM, NASDAQ OMX’s commercial exchange technology offering.
“The new generation of our INET technology is integral to NASDAQ OMX’s leadership in technology innovation, market transparency and in our ability to provide the best overall trading experience for investors,” commented Bob Greifeld, CEO of The NASDAQ OMX Group. He continued, “We are raising the bar for technology with our customers in the U.S. and we have highlighted our ability to operate NASDAQ OMX’s global markets and technology business from a single, powerful core technology. With the recent migration of NASDAQ OMX PHLX to INET, we are operating all U.S. markets on INET and we will be using it across Europe by year’s end.”
NASDAQ OMX’s INET technology is the most efficient and scalable trading platform in the world, with microsecond speeds, and high reliability and capacity. The next generation INET technology has been rolled out over the course of 2009 and will continue through 2010 for NASDAQ OMX’s markets. Additional future enhancements to INET will focus on connectivity upgrades, with the objective of increased speed and cost efficiency for customers.
With U.S. equity trading volumes increasing over 120 percent in the last three years, NASDAQ OMX has built technology capable of handling over one million messages per second at sub-250 microsecond average speeds, the fastest of any exchange or alternative trading system in the world. Its proprietary trading software runs on a high-performance computing grid based on a 40-Gigabit per second network and multi-core processor technology.
As part of the INET roll-out, NASDAQ OMX has implemented new, electronic surveillance system technology to further enhance the regulatory systems on NASDAQ OMX’s markets.
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