Market data from technology provider OMX Group’s Nordic Exchange will be distributed through communication solutions provider BT’s financial services network, the Radianz Shared Market Infrastructure, it was announced on 17 December.
The deal will give OMX and BT clients access to information about 800 companies trading on the OMX Nordic Exchange. Both types of clients stand to benefit, according to Jochumsen. “We gain access to a community of market participants not currently accessing the Nordic Exchange, while existing BT Radianz customers, including program traders, hedge funds, buy- and sell-side firms, are able to obtain our market data easily and quickly,” explains Jochumsen.
The partnership will preclude the need for OMX to create thousands of point-to-point connections to new and existing firms interested in obtaining its market data, says BT. BT will deliver Nordic Exchange market data to a community of over 10,500 clients worldwide.