NGM is proud to announce the rollout of the next generation exchange trading system - Elasticia. During the last ten years, NGM has built a solid track record in the Swedish market by powering the NGM and NDX markets and today offers trading in more than 2000 instruments. The next generation trading system from NGM – Elasticia – builds on the experiences gained during those years and introduces several important enhancements in order to offer our members trading at its best. Elasticia will completely replace NGM's current trading system Freeway starting in May 2010 when a first submarket is launched, and followed by the rest of the submarkets two weeks later in June 2010.
The scalable architecture of Elasticia ensures that NGM will be able to easily adapt to the continuous demands of increasing amount of instruments and lower latency. Another key feature of the new system is a special functionality for market makers, aimed at bringing better pricing and expanded product range to the Nordic investors.
"After having taken a major responsibility in reducing lead times and breaking old barriers, bringing new products to the market and educating retail customers, we are now further strengthening our position. We will offer a scalable and very efficient trading system to the market participants and the investors." says Roger Peleback, CEO of Nordic Growth Market.
Elasticia has been carefully tailored for NGM's customers and NGM has ensured that integrating with Elasticia is made easy through the use of industry standard protocols. NGM will introduce support for the FIX 5.0 SP2 and FAST protocols offering exchange members a simple and bandwidth efficient way of integrating with the exchange at very high speeds. Integrators (typically members of NGM), market data vendors and independent software vendors will thus be able to take advantage of FIX experiences and investments already made, leading to a cost efficient way of integrating with Elasticia.
Please visit www.ngm.se/elasticia for more information.