New NASDAQ OMX NLX market will leverage mature high performance interconnect technology to provide customers with unmatched speed and consistency of execution
SUNNYVALE, Calif. & YOKNEAM, Israel–(BUSINESS WIRE)– Mellanox® Technologies, Ltd. (NASDAQ: MLNX)(TASE: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, announces that its industry and performance-leading InfiniBand solutions have been selected by NASDAQ OMX NLX (“NLX”) to enable fast, reliable trading. NLX, the new London derivatives market, will offer a range of both short- and long-term interest rate (STIRs and LTIRs) euro- and sterling-based listed derivatives products, subject to Financial Services Authority approval. InfiniBand will act as the server interconnect for NLX’s matching engines.
In addition to Mellanox’s InfiniBand interconnect solutions, NASDAQ OMX NLX will use Mellanox’s VMA messaging accelerator to cut 60-to-70 percent of the server-to-server latency and eliminate jitter.
“Mellanox is a well-known and trusted supplier for providing low latency solutions for trade matching and execution,” said Carl Slesser, chief technology officer, NLX. “We are working with our partners to ensure we offer a robust and efficient environment to trade both ends of the interest rate curve on a single market.”
“We are delighted to partner with NASDAQ OMX NLX for this important new market,” said Gilad Shainer, vice president of market development at Mellanox Technologies. “Utilizing InfiniBand as the core server interconnect technology provides NLX with a robust, tried and tested system that has the capability to manage increasing volumes as this new and highly competitive market grows.”
More at www.mellanox.com