CHICAGO, Nov. 6, 2002 (PRIMEZONE) -- OM (Other OTC:OMGPF) (Stockholm:OM), a world leading provider of transaction technology to the financial services and energy industries, today launched CLICK XT(TM), the next generation of its CLICK(TM) exchange system, the world's most widespread marketplace solution. In addition to performance and usability enhancements, CLICK XT offers full cash equity functionality. CLICK XT can support multiple markets on a single platform, including all markets in cash and derivatives, fixed income, commodities and energy.
"Marketplace systems from OM have the highest performance levels in the world," said Roland Tibell, President, OM (U.S.) Inc. & Financial Market Solutions. "With the launch of the next generation CLICK XT, OM has combined proven technology and advanced functionality with key performance and usability enhancements to create a new industry standard."
Performance enhancements to CLICK XT include the addition of new diagnostic tools to help spot, prevent and fix certain problems sooner as well as improvements in speed -- CLICK XT can process more than 20,000 transactions per second. In addition, the front end look and feel of the system has also been improved and adapted for the latest Windows environment (.NET and XP).
CLICK XT supports all trading from traditional equities and derivatives through to advanced cross-border trades.
"CLICK XT supports more than one market on a single platform, giving marketplaces the freedom to pursue strategic alliances or new market areas without investing in a new trading platform," said Ulf Carlsson, General Manager for business unit Marketplace Solutions within OM. "In an evolving marketplace such as we have today, this is a key strategic advantage."
Used by more exchanges than any other marketplace system in the world today, CLICK has helped more than 20 exchanges in Asia, Europe and North America become leading electronic marketplaces. Exchanges powered by CLICK generate more than 40,000 trading hours a year and provide a market for more than 200,000 instruments. On average, more than 70,000,000 quotes and orders are processed via CLICK each day. Additionally, more than 350 of the world's leading financial institutions are connected to CLICK.
About OM
OM is a world leading provider of transaction technology to the financial services and energy industries. Developing and marketing IT solutions that boost the efficiency of markets worldwide, OM has over 300 customers in 20 countries. OM also owns and operates exchanges and clearing organizations and has operations in 10 countries. OM is listed on Stockholmsborsen. For more information please visit www.om.com.
For further information or comments, please contact:
Lisa Selkin Lupo, Manager, U.S. Communications + 1 646 428 2835 lisa.selkinlupo@om.com Anna Eriksson, VP, Brand & Communications + 46 8 405 66 12 anna.eriksson@om.com
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