March 07, 2011

Nasdaq OMX Group has launched Genium INET Web Trade, a new web-based trading application, the global exchange company said today.

The first of Nasdaq OMX’s markets to offer Genium INET Web Trade is Nasdaq OMX Commodities Europe, the power and carbon derivatives exchange.

Among the features included is pre-trade limit functionality, which gives general clearing members (GCMs) and direct members a tool box for managing traders’ market exposure. The application comes with a sophisticated administration tool, which allows members to define trading accounts, trader rights and pre-trade limits.

In a statement, Geir Reigstad, SVP, NASDAQ OMX Commodities, said: "Genium INET Web Trade provides quick and reliable access to our markets. As the new application is web-based, the time to market for traders wishing to trade NASDAQ OMX commodities products is drastically reduced. With a steadily increasing demand for access to the power and carbon products we offer, Genium INET Web Trade will allow us to grow our distribution at an increased pace."

The new trading app is intended to serve as an alternative to participants who are not deploying other trading applications from independent software vendors, according to the release.

ABOUT THE AUTHOR
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...