Cases

Exhausted mainframe platform saved by data filtering
The NASDAQ OMX Nordic Exchange provides an ever-growing amount of...

Adapting to a new set of interfaces and protocols
When NASDAQ OMX Nordic Exchange changed their trading system...

Increased data flow stopped E-banking stock trades
Following the lowered long-term ratings of USA by Standard & Poor’s...



News

New team member
Addition to the development and support team

New CEO of Nikuda
Christian Kullmann has been appointed CEO of Nikuda

Support for Bloomberg Execution Management System (EMSX)
2018-01-26 MultiExCom has been enhanced to allow connections to EMSX

Support for MIFID II compliant trade reporting
2017-01-23 Nasdaq Nordic and Nasdaq Baltic are introducing a new protocol

Adapting to a new set of interfaces and protocols

Identifying the problem
When NASDAQ OMX Nordic Exchange changed their trading system, all client applications had to adapt to a new set of interfaces and protocols to continue receiving and sending information.
 
In 2009 a financial data center contracted with nikuda to help integrating with the new trading system. Their existing legacy applications written in COBOL lacked support for complex and nested repeating structures as used in the FIX protocol.
 
What nikuda did
Therefore nikuda built a complete stock exchange integration solution for the data center.
Via the MultiExCom Transformation facility messages flowing on the API were transformed from native format into fixed structures suitable for COBOL programs.
 
Benefits
The data center’s existing legacy applications written in COBOL could easily be adapted to the MultiExCom API.
MultiExCom includes support for all FIX Versions including any dialects defined by trading parties.