As a result of the partnership, SGX said it was exploring the deployment of OMX’ suite of technology marketplace solutions, including clearing and data dissemination solutions, for its marketplace.
As well as this, SGX said it intends to work with OMX on the delivery of an order management system to be launched in the second half of 2007. The development work on the jointly created SGXTrade will be used as the basis.
Hsieh Fu Hua, SGX CEO, said, In building SGX as an enduring marketplace, it is imperative that our IT infrastructure and capabilities stay relevant to meet the demands of higher volumes and more varied product features. We look forward to providing integrated access to the securities and derivatives trading market, and are happy that our partner, OMX, shares the same vision of convergence in our marketplace.
