Trading system deal done

On 5 April did the Thailand Futures Exchange (TFEX) and OMX Technology (OMX) from Sweden sign an agreement for the use of CLICK Trade – the order entry system, CLICK XT and SECUR as a new integrated trading and clearing platform for its derivatives products.
     The agreement includes license, project implementation and support of the system for five years. The project implementation was scheduled to commence already in March.
     OMX has not revealed the value of the deal but the Thai business daily Poochatgarn claims the price is THB 450 million, just over SEK 80 million.
     TFEX is a wholly owned subsidiary of The Stock Exchange of Thailand (SET) and is licensed to trade financial and commodities derivatives.
     It will begin trading its first contract, the SET50 index futures, in Q4/2005, followed by interest-based products and stock options.

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