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NASDAQ OMX enhances eSpeed platform for U.S. fixed income market

First Published 28th May 2014

eSpeed completes performance engineering enhancements and migration to the NASDAQ OMX Data centre.

Hans-Ole Jochumsen, president of global trading & market services, NASDAQ OMX

Hans-Ole Jochumsen, president of global trading & market services, NASDAQ OMX

"We will continue to expand our global fixed income footprint by leveraging our strategic assets and our established trading and clearing platforms."

New York - The NASDAQ OMX Group has announced that eSpeed, the over-the-counter platform for electronic trading in benchmark U.S. Treasuries, has successfully completed performance engineering enhancements and the migration to the NASDAQ OMX Data centre.

"With the help and support of our customers, we have focused our efforts on leveraging the strength of NASDAQ OMX's technology expertise to deliver a stronger and more robust platform," said Joe Noviello, Head of NASDAQ OMX eSpeed. "We will continue to evolve in our performance and functionality while we consider customer demand for electronic trading in products that are immediately adjacent to benchmark Treasuries."

eSpeed customers should notice a 25% round-trip order-entry response-time improvement. This, when combined with a 100 microsecond improvement in market-data distribution, is intended to provide customers with a greatly improved fixed-income trading experience. Further improvements will be realized through simplified, more cost-efficient access to global trading opportunities across multiple asset classes and available through a common NASDAQ OMX data centre ecosystem. In the new data centre environment, customers may leverage NASDAQ OMX's access services offerings like wireless connectivity to Chicago. eSpeed recently expanded its distribution in partnership with front-end software and market data providers, supporting customer demand for deeper liquidity in the fixed income marketplace.

"The eSpeed platform enhancement and migration is an important step in the exchange group's efforts to better serve the fixed income, currencies and commodities community," said Hans-Ole Jochumsen, President of Global Trading & Market Services. "We will continue to expand our global fixed income footprint by leveraging our strategic assets and our established trading and clearing platforms."

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