STOCKHOLM, Sweden, Nov. 9, 2004 (PRIMEZONE) -- Singapore Exchange (SGX) has won the prestigious 2004 Adaptive Enterprise Award for creating the world's first combined equities and derivates trading platform, powered by technology from OMX.
The Adaptive Enterprise Award is presented each year by Business Week Custom Programs and Hewlett-Packard Asia Pacific to a company that has transformed its business through the innovative use of IT.
SGX built its trading platform -- the SGX Quotation and Execution System (SGX Quest) -- to support multiple markets on a single platform, so that global investors would have access to the widest-possible range of trading opportunities. And the versatility of the solution means the SGX can continue to pursue strategic alliances and enter new market areas without having to invest in additional trading platforms. All of which adds up to greater efficiency for both the exchange and its members.
It was this need for a fully diverse platform that led the SGX to base SGX Quest on OMX's CLICK XT(TM) solution. By supporting the full range of transaction types, from traditional equities and derivatives through to next-generation cross-border trading, CLICK XT is well positioned to assist SGX in achieving its aspiration of becoming an Asian financial hub.
"As a technology provider the best reward we can receive is to witness the success of our customers. as a result of the excellence of the solutions and services we provide," says Klas Stahl, President, OMX Technology. "Congratulations go to SGX on winning this important award for innovation."
About OMX Technology
OMX Technology is a global company with expertise in how to make securities transactions more efficient. Known for its fully electronic marketplace platforms, OMX Technology is a world leading provider of transaction technology, processing and outsourcing solutions for the financial and energy markets. OMX Technology has over 100 customers in 20 countries and is the largest commercial provider of marketplace systems to the world's major exchanges. OMX Technology is a division of OMX, a company that also owns and operates exchanges, clearing organizations and central securities depositories, and has operations in 11 countries. For more information, please visit www.omxgroup.com.
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/11/09/20041109BIT20500/wkr0001.pdf
-0- For additional information or comments please contact: Klas Stahl, President, OMX Technology +46 8 405 6035 Anna Rasin, VP Marketing & Communications +46 8 405 6612