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Elasticia® Exchange Trading System

Elasticia is the exchange trading system that has empowered the NGM exchange since November 2010 and BX Swiss since April 2018. It has proven reliable since day one and has been a key in the establishment of Nordic Growth Market in the Nordics.

Below you find some of the reasons for why we love the system and why it is being praised by some of Europe's top-tier banks.


  • Multi-Site Replication
  • Automatic Site Failover
  • Proven Track Record

Standard API:s

  • FIX 5.0 with FAST and FIX Classic
  • REST API:s for Administration
  • XML Instrument Reference Data Model

Since its first launch in November 2010, Elasticia has a proven track record with only one technical interruption of the market.

Nordic Growth Market is part of the Börse Stuttgart Group, a reliable exchange since 1860, which guarantees a stable technology partner.

Elasticia supports major open standard communication protocols and API:s to simplify integration.

Scalable and High Performance

  • Horizontal and Vertical Scalability
  • Sub-millisecond Latency
  • High Throughput


  • Customizable Attribute Based Access Control (ABAC)
  • Multi Factor Authentication (MFA)
  • Penetration Tested

Over 40 000 ETP instruments are being quoted nearly every second.


  • MIFID II Compliant
  • EU and Swiss Regulations
  • Circuit Breakers

All Inclusive (if desired)

  • Fully Hosted by NGM on 3 Data Centers
  • Technical Support
  • Conformance Testing of Integrators
  • Network Connectivity
  • Multi-Tenancy Support

We have long experience in operating the NGM exchange, including the BX Swiss exchange operated as a stand-alone system.

The NGM exchange is under the supervision of Swedish Financial Supervisory Authority (FI) and European Securities and Markets Authority (ESMA). The BX Swiss exchange is under the supervision of Swiss Financial Market Supervisory Authority (FINMA).