NDX

A major Scandinavian bank has signed an agreement to use MultiExCom from nikuda to connect to the Nordic Derivatives Exchange (NDX), part of the Nordic Growth Market.
The requirement is to receive market and reference data from NDX.

The solution is based on the standard MultiExCom FIX router adapted to the proprietary changes to the FIX 5.0 SP2 protocol that NGM has made.
The solution also requires support for FAST encoding of data.

In order to minimize the changes to the customer's application, the solution will be configured to extract and forward just the relevant elements of the received reference data.