The Nasdaq OMX Group has started customer testing for its pan-European multilateral trading facility (MTF), scheduled to launch in September.
Clients who are currently connected to Nasdaq OMX’s Nordic exchanges through the One Access extranet, can now access the pan-European market through the same connection using a virtual private network, at no extra cost. No additional or new link will be required.
The market will be the first platform to connect European liquidity pools with pan-European routing.
“This is an important strategic development as we march towards our launch,” commented Chris Concannon, executive vice president, transaction services, Nasdaq OMX, in a statement. “The ease and immediacy associated with customer connectivity is a critical competitive feature of our market, given that many of our target customers are already connected.”