OM wins contract for Singapore Exchange

Swedish-owned OM has been chosen by Singapore Exchange Ltd (SGX) to provide a new integrated trading engine. It will be the first fully integrated trading platform in the world to support all trading from traditional securities and derivatives through to advanced cross-border trades, says a company statement.
     The agreement includes license, implementation project and support of the system. SGX will call its new trading engine SGX QUEST (SGX Quotation and Execution System for Trading).
     OM’s package supports multiple markets on a single platform, including all trading in equities and derivatives, fixed income, electricity and other commodities. OM is currently powering more than 25 exchanges worldwide.
     “SGX has always provided all participants with equal and efficient access and transparent price discovery, so we do not have the same debate here as in some other markets. With SGX Quest, retail and institutional investors alike will gain even faster and seamless access to trading and hedging opportunities across the securities and derivatives markets. This is in line with the exchange’s focus on serving our customers better,” says SGX’ CEO, Hsieh Fu Hua.
     OM is a part of OMHEX, the largest securities market in Northern Europe and a leading provider of marketplace solutions and services for the financial and energy markets. Over 300 customers in 10 countries currently rely on OM’s technology to power their operations and secure mission-critical systems.

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