About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

NLX Leverages Genium Inet, Equinix For Low Latency

Subscribe to our newsletter

Nasdaq OMX’s planned London-based NLX derivatives exchange will leverage the exchange group’s own Genium Inet technology to ensure low-latency matching. The exchange will base its primary matching engine at Equinix’s popular LD4 facility in Slough, west of London, where co-lo facilities will be available.

When it begins operating in Q1 of 2013 (if the regulators say yes), NLX will trade in both short term and long term interest rate futures and options, with clearing via LCH.Clearnet.

The exchange will accept orders in FIX format, with market data available in both FIX and Itch format, the latter offering lower latency.

While NLX will use Equinix as its primary hosting centre, it has chosen rival Interxion as its secondary host, in east London.

Genium Inet – built in Sweden and in use at the Singapore Exchange, the Hong Kong Exchange, BrokerTec and the exchange group’s own Nordic markets, among other market centres – is one variant of Nasdaq OMX’s Inet matching technology, with a matching speed of less than 90 microseconds for some deployments.

Another variant – X-Stream Inet – is developed in Australia and is considered to be the fastest generally deployed matching technology, with its implementation at the SIX Swiss Exchange matching in less than 40 microseconds. It has also been deployed by the SBI Japannext proprietary trading system in Tokyo.

Neither Genium Inet or X-Stream Inet is actually used by the U.S. Nasdaq Stock Market, which runs on proprietary technology, referred to simply as Inet (a throwback to technology that came with the acquisition of Instinet).

CME Group also plans to open a London-based derivatives exchange in the middle of 2013. Both markets would compete with the incumbent NYSE Euronext Liffe market and Deutsche Boerse’s Eurex exchange. Eurex is undergoing a technology upgrade designed to lower its latency.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

23 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance....

BLOG

Bloomberg Launches AI-Powered Research Tool for Terminal Users

Bloomberg has announced the forthcoming release of its Document Search & Analysis solution, an AI-driven research tool designed to streamline how financial professionals interrogate and interpret large volumes of market data and reports. The product is expected to be rolled out to Bloomberg Terminal users by the end of the year. The new tool enables...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...