STOCKHOLM, Sweden, Aug. 17, 2005 (PRIMEZONE) -- NYMEX Europe Limited has signed a five-year agreement with OMX for IT infrastructure services for the open outcry futures exchange it plans to open in London. This agreement, which follows an earlier decision by NYMEX Europe to lease space in OMX's London office, includes hosting its European IT infrastructure as well as desktop and network support for its trading floor.
"We chose to work with OMX to take advantage of their broad experience as an IT provider of mission critical systems for the financial services industry and to enable us to be up and running quickly," said Samuel Gaer, CEO of NYMEX Europe Limited. ``OMX has a long track record serving exchanges, and we look forward to deepening our relationship with OMX as we continue to grow and expand our business globally."
This deal represents a further expansion of OMX's Global Services business, in this case supporting financial applications not originally developed by OMX. A strong niche player in facilities management, OMX's core expertise is enabling efficient securities transactions. Unlike most providers, OMX has both detailed and in-depth knowledge of the securities industry and vast experience in developing and hosting sophisticated financial applications.
President of OMX Americas, Roland Tibell said, "We are honored that NYMEX, the world's largest physical commodity futures exchange, has chosen to partner with OMX for its exciting new venture in London. This relationship reflects OMX's strong position in Europe and the Americas and represents a strong vote of confidence in OMX as a provider of IT infrastructure services."
NYMEX Europe will initially offer open outcry trading of Brent crude oil and gasoil futures.
About OMX
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 worldwide. For more information, please visit www.omxgroup.com.
About the New York Mercantile Exchange, Inc.
The New York Mercantile Exchange is the largest physical commodity exchange in the world, offering futures and options trading in energy and metals contracts and clearing services for off-exchange energy transactions. Through a combination of open outcry floor trading and the NYMEX ACCESS(R) and NYMEX Clearport(R) electronic trading platforms, a wide range of crude oil, petroleum product, natural gas, coal, electricity, gold, silver, copper, aluminum, and platinum group metals markets are available virtually 24 hours each day.
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