Boerse Stuttgart Taps NASDAQ OMX For Trading Technology
The NASDAQ OMX Group (Nasdaq:NDAQ) announced that Boerse Stuttgart has selected NASDAQ OMX's world renowned Genium INET trading technology to power its market. The current Stuttgart market model will be fully supported by NASDAQ OMX market technology—the international "de-facto standard" for exchange system technology—which will strengthen the bourse's technological power of innovation. The go-live date is planned for 2015.
"It's an honor to be supporting Boerse Stuttgart as the exchange upgrades its trading engine and strengthens its position as Europe's leading exchange for private investors," said Lars Ottersgård, Senior Vice President, Market Technology, NASDAQ OMX. "We are dedicated to deliver best-in-class technologies to support Boerse Stuttgart's focus of bringing private investors to the same level as institutional investors."
NASDAQ OMX is the largest provider of technology to the exchange industry. Today, our technology powers more than 70 exchanges, clearinghouses and CSDs globally, clearly distinguishing NASDAQ OMX as the partner of choice to global marketplaces.