US-based exchange group Nasdaq OMX has extended its cooperation with telecoms provider Verizon Business to include co-location services and trading and market data access.
The new agreements will see Nasdaq OMX expand its use of Verizon’s data centre co-location services in the US, and the migration of Nasdaq OMX’s Nordic exchanges in Finland, Sweden and Denmark to Verizon’s trading and market data access network.
In the US, Nasdaq OMX will entrust the day-to-day facility management of its core data centre infrastructure and services to a Verizon Business team, which will operate in-house.
The exchange group’s Nordic exchanges will move to an open connectivity model at the beginning of next year, enabling its trading and market data customers to select their carrier of choice. As a result, Nasdaq OMX’s proprietary Nordic access network will be integrated in the Verizon Financial Networking solution, which Nasdaq OMX claims will offer financial customers a highly scalable and low-latency solution for trading and market data.
“Our relationship with Nasdaq OMX goes far beyond a traditional partner model. We are effectively part of the company’s operational and strategic infrastructure, working alongside the core team to help them deliver current and future business plans for the company’s customers,” said Blair Crump, senior vice president, worldwide sales, Verizon Business.