STOCKHOLM, Sweden, April 22, 2004 (PRIMEZONE) -- The Korea Futures Exchange (KOFEX) has signed an extended five year agreement with OM for the support and maintenance of the CLICK(TM) exchange trading system and the SECUR(TM) clearing system. This new agreement includes expanded services to meet the requirements of today's more demanding world.
"We are delighted that the KOFEX, one of the world's leading futures exchanges, has chosen to continue to rely on OM as they grow and expand their business," said Klas Stahl, President, OM Technology. "This extended contract represents a real vote of confidence in OM as a business partner."
"OM is a key partner for KOFEX, facilitating our continued growth. We are confident that our ongoing relationship with OM will serve us well going forward," said Jungho Kang, Chairman and CEO of KOFEX.
KOFEX has been in operation since April 1999 and has quickly grown to take its place amongst the world's leading futures exchanges. KOFEX has operated using OM's CLICK exchange system, the world's most widespread marketplace system, and OM's SECUR clearing system since April 23, 1999.
For more information or comments, please contact:
Klas Stahl, President, OM Technology +46 8 405 60 35 Anna Rasin, VP Marketing & Communications, OMHEX +46 8 405 66 12 Jungho Kang, Chairman and CEO, Korea Futures Exchange +82 51 630 1001 Ihnsoo Lee, Account Manager, Korea Futures Exchange +82 51 630 1120
About OM/OMHEX
OMHEX owns and operates the largest securities marketplace in Northern Europe and is a leading provider of marketplace services and solutions for the financial and energy markets. OMHEX consists of two divisions: OM Technology -- a world-leading provider of solutions and services (outsourcing and transaction processing) based on pioneering and proven technology and HEX Integrated Markets -- the integrated Nordic and Baltic marketplace for securities, giving customers access to 80 percent of the Nordic and Baltic securities market. For more information, visit www.omhex.com
About KOFEX
The Korea Futures Exchange(www.kofex.com), established in February 1999, is the only derivatives exchange in Korea. KOFEX offers a wide range of products including KOSPI 200 options, the world's most actively traded contract, KOSPI 200 futures, KTB futures and options, US dollar contracts, KOSDAQ 50 contracts, CD interest rate futures and gold futures. KOFEX took over KOSPI 200 futures from Korea Stock Exchange as of January 2, 2004. Following the transfer, KOFEX is the world's most active exchange in terms of trading volume. KOFEX traded a total of 12,956,139 contracts in 2003. As of end-March, daily average volume stood at 12,122,859 contracts including KOSPI 200 futures and options.
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http://www.waymaker.net/bitonline/2004/04/22/20040422BIT00210/wkr0001.pdf