LYSAKER, Norway, March 7, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of Genium INET Web Trade, a new web based trading application.
Genium INET Web Trade provides members and customers with a user friendly and quickly implemented trading application. The first of NASDAQ OMX's markets to offer Genium INET Web Trade is NASDAQ OMX Commodities Europe, the power and carbon derivatives exchange.
Genium INET Web Trade features 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.
Geir Reigstad, Senior Vice President, 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 application is developed as an alternative to participants who do not already deploy other trading applications from independent software vendors.