Deutsche Bank to offer low latency Sponsored Access to Nasdaq OMX Nordic exchanges
Sponsored access allows direct connection to high-speed electronic exchanges.
Nasdaq OMX has said that Deutsche Bank will start offering low latency Sponsored Access to the Nasdaq OMX Nordic exchanges in Stockholm, Helsinki, Copenhagen and Iceland using Nasdaq OMX Nordic's newly enhanced Pre-Trade Risk Management service.
Sponsored Access enables members to provide their clients with direct connectivity to Nasdaq OMX Nordic's ultra low latency matching services, offering cost savings to both clients and members as they avoid the cost of integrating and connecting the client's order flow to the member's system.
Deutsche Bank is the first member to take advantage of Nasdaq OMX Nordic's recently enhanced pre-trade risk management service which, through offering pre-trade risk layer and administration interface, mitigates market risk by monitoring all orders submitted to the Nasdaq OMX Nordic exchanges.
Nasdaq OMX Transaction Services Nordic senior vice president Bjorn Sibbern said, following the launch of Nasdaq's INET trading system and the release of enhanced pre-trade risk management tool the company can see a strong interest for sponsored access. A key benefit of sponsored access offering is the ultra low latency available via co-location services.