Nasdaq OMX Expects Algo Uptake Delay in Nordics

- WatersTechnology Staff
- 07 Dec 2009

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Prospective clients are waiting for the transition, officials say. "They are used to Inet and don't want to adjust their systems to Saxess only to change back in two months," says Hans-Ole Jochumsen, executive vice president, transaction services, Nordics, with Nasdaq OMX.

However, Jochumsen claims that the exchange operator is attracting interest from such high-frequency trading firms as Chicago-based Getco, which is waiting for the launch of the various Inet platforms on the exchanges in

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