NASDAQ OMX Group has extended its co-operation with Verizon Business by enetering into two new agreements. Accordingly, Verizon Business provides the exchange company with professional services, unified communications and corporate network services.
NASDAQ OMX, on its part, will expand its use of Verizon Business’ data-center co-location services in the US to enhance its overall trading capabilities. Further, the exchange company is transitioning its Nordic exchanges’ existing trading and market data access network to Verizon Business.
NASDAQ OMX’s Nordic exchanges will move to an open connectivity model as of January 1, 2010, when trading and market data customers of NASDAQ OMX’s Nordic Exchanges across Europe will be able to select their carrier of choice.
As a result of this, the group is transitioning its proprietary Nordic access network to Verizon Business, where it will be integrated in the Verizon Financial Networking solution (VFn), a dedicated solution for the financial services community. The VFn offers financial customers a scalable and low latency solution for both trading and market data that includes dedicated, end-to-end support.
Carl-Magnus Hallberg, SVP of global IT services at NASDAQ OMX, said: “The use of Verizon data center services is an example of our continuous innovation and leadership in providing the best experience for customers who trade and do business with our markets around the world.
In addition, the open connectivity model helps us better support our global customers in the new financial markets environment. Verizon is a trusted partner that understands our business and has the global capabilities and expertise to support us as we continue to grow.”
Blair Crump, SVP of worldwide sales at Verizon Business, said: “Our relationship with NASDAQ OMX goes far beyond a traditional partner model. We are effectively part of the company’s operational and strategic infrastructure, working alongside the core team to help them deliver current and future business plans for the company’s customers.”
