Singapore Exchange Limited, SGX, and OMX in Stockholm are strengthening their partnership and are to work more closely to provide technology solutions and services for Singapore capital markets.
This broadened partnership serves to identify and evaluate potential opportunities for trading, clearing and processing for SGX’s market participants, according to an OMX statement issued in April.
After successfully developing an integrated trading engine for SGX’s securities and derivatives market based on OMX’s technology, SGX intends to work with OMX on the delivery of an order management system expected to be launched in the second half of 2007.
For this project, OMX plans to cooperate with Orc Software, a Stockholm based provider of advanced technology for trading and market making.
OMX has so far provided technology to over 60 exchanges in 50 countries and is also the operator of the Nordic Exchange.
