OMX, a leading expert in the exchange industry, has signed a contract with Plus
Markets Group (PMG) in the United Kingdom to provide a new trading and market
surveillance platform as well as IT operations.
Under the terms of the contract, OMX will be the system provider for the
license, customization and implementation of its trading platform, as well as a
market surveillance platform supplied by SMARTS. In addition, OMX will provide
full IT operations to support PMG's technology infrastructure. PMG is an
independent UK provider of primary and secondary equity market services and
currently trades over 850 small and mid-cap company shares, representing a
combined market capitalization of over £150bn.
“To be chosen to deliver the trading technology and IT operational services to
PMG is an acknowledgement of our position as a leading global provider of
exchange technologies. Equally as important, it is an opportunity to strengthen
our position in the rapidly changing European market. We are very proud to
welcome PMG into the OMX community of customers”, said Markus Gerdien, President
Business Area Market Technology, OMX.
Brian Taylor, Chief Financial Officer of PMG said: “We are delighted to have
selected OMX as our preferred trading technology provider. OMX has an unrivalled
reputation in exchange-trading technology and support around the world. Their
world class software engineering, combined with straightforward connectivity by
market participants, will provide firm foundations for the further substantial
extension of our trading services to support some 5,000 securities. We are
confident PLUS will be an ideal venue for investors to optimize their best
execution opportunities.”
Total order value is at least £7.2m over a number of years.
For more information, please contact:
Niclas Lilja, Press Relations, OMX +46 8 405 63 95
About OMX | OMX is a leading expert in the exchange industry. Through the Nordic
Exchange, OMX offers access to approximately 80 percent of the Nordic and Baltic
securities market. The Nordic Exchange is a term used for marketing purposes and
is not a legal entity. It describes the common offering from the Helsinki Stock
Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange, Iceland Stock
Exchange, Tallinn Stock Exchange, Riga Stock Exchange and Vilnius Stock
Exchange. OMX' integrated technology solutions cross the transaction chain
enabling efficient securities transactions for over 60 exchange organizations in
more than 50 countries. OMX is a Nordic Large Cap company in the Financials
sector on the OMX Nordic Exchange. For more information, please visit
www.omxgroup.com
About Plus Markets Group | PLUS Markets Group plc is a public company based in
the City of London which owns and operates an independent equity market, known
as “PLUS” or “the PLUS market”. It is fully authorised and regulated by the UK
Financial Services Authority and has recently applied to its regulator for
Recognised Investment Exchange status. For more information, please visit
www.plusmarketsgroup.com
