STOCKHOLM, Sweden, Dec. 12, 2003 (PRIMEZONE) -- OM has been chosen by Singapore Exchange Ltd. (SGX) to provide a new integrated trading engine. Powered by the CLICK XT(TM) marketplace solution, the new trading engine will be the first fully integrated trading platform in the world to support all trading from traditional securities and derivatives through to advanced cross-border trades. The agreement includes license, implementation project and support of the system. SGX will call its new trading engine SGX QUEST (SGX Quotation and Execution System for Trading).
CLICK XT(TM) is the next generation of OM's CLICK(TM) solution, the world's most widespread marketplace system. Creating a new industry standard, CLICK XT(TM) supports multiple markets on a single platform, including all trading in equities and derivatives, fixed income, electricity and other commodities. Powering more than 25 exchanges worldwide, OM's robust and high performance marketplace technology enables effective and quality executions as well as global connectivity.
SGX CEO, Hsieh Fu Hua, said, "SGX has always provided all participants with equal and efficient access and transparent price discovery, so we do not have the same debate here as in some other markets. With SGX Quest, retail and institutional investors alike will gain even faster and seamless access to trading and hedging opportunities across the securities and derivatives markets. This is in line with the exchange's focus on serving our customers better."
"It is an honor to be selected by SGX as technology partner for this milestone event in providing the world's first integrated trading engine - a platform that will enable global connectivity and ease connectivity between SGX and other markets," said Magnus Bocker, CEO, OMHEX. "The agreement enhances OM's position as a leading marketplace technology provider in the Asia Pacific - a region where we will continue to develop long-term customer relationships based on our ability to deliver lasting solutions, first-rate service and real economic results for our clients."
For additional information or comments, please contact: Klas Stahl, President, OM Technology +46 8 405 60 35 Maria Andark, Acting VP Marketing & Communications, OMHEX +46 8 405 73 50
OM OM is a part of OMHEX, the largest securities market in Northern Europe and a leading provider of marketplace solutions and services for the financial and energy markets. Today, over 300 customers in 10 countries rely on OM's technology to power their operations and secure mission- critical systems. For more information, please visit us at www.omhex.com.
CLICK XT(TM)
CLICK XT(TM) is the next-generation of the CLICK(TM) marketplace solution. Used by more exchanges than any other marketplace solution in the world today, CLICK(TM) has helped more than 20 exchanges in Asia Pacific, Europe and North America to become leading electronic marketplaces. Exchanges powered by CLICK(TM) 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(TM) each day. Additionally, more than 350 of the world's leading financial institutions are connected to CLICK(TM).
Singapore Exchange
Singapore Exchange Ltd (SGX) is Asia-Pacific's first demutualised andintegrated securities and derivatives exchange. It was inaugurated on 1December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore(SES) and the Singapore International Monetary Exchange (SIMEX).Leveraging on the combined strengths of the former entities, andthrough its innovative approach, broad range of products, stronginternational alliances and cutting-edge technology, SGX aims toestablish itself as a leading integrated exchange and expand itspresence in the global financial marketplace. On 23 November 2000, SGXbecame the first exchange in Asia Pacific to be listed via a publicoffer and a private placement. SGX is listed on its own Mainboard. Formore information, visit us at www.sgx.com.
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