OMX and SGX sign agreement on new data feed system
OMX and Singapore Exchange Limited (SGX) today announced that they have signed
an agreement to develop a new data feed system that will further enhance SGXs data
dissemination services to market participants.
The new data feed system is designed to enrich and package price data from multiple
sources. With this system, SGX can enable brokers and data vendors to provide comprehensive
data to their customers.
This collaboration with OMX supports SGXs continuing efforts to renew and refresh
its IT infrastructure, with the objective of raising overall efficiency and enhancing
service quality to market participants.
This initiative with OMX enables SGX to offer new value-added price data to meet
the needs of our customers. The new data feed system will also support future growth
in price data traffic and improve transmission speed, said Chew Hong Gian, Head
of Technology at SGX.
This agreement further strengthens OMXs leading position in marketplace solutions
for market data dissemination. We look forward to continue working with SGX to further
strengthen their position as a leader in service quality, said Markus Gerdien, President,
Market Technology, OMX.
OMX will base the new solution on a market data system from Cicada and integrate
it with SGXs trading engine, SGX QUEST. The solution is customised to SGX requirements
and will be implemented in 2007.
For more information, please contact:
Niclas Lilja, Press Relations, OMX +46 8 405 63 95
Magdalyn Liew, Corporate Communications, SGX +65 6236 8157
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 Financial sector on the OMX Nordic Exchange. For more information,
please visit www.omxgroup.com.
About Singapore Exchange Limited | Singapore Exchange Limited (SGX) is Asia-Pacific's
first demutualised and integrated securities and derivatives exchange. SGX was inaugurated
on 1 December 1999, following the merger of two established and well-respected financial
institutions - the Stock Exchange of Singapore (SES) and the Singapore International
Monetary Exchange (SIMEX). On 23 November 2000, SGX became the first exchange in
Asia-Pacific to be listed via a public offer and a private placement. Listed on
its own bourse, the SGX stock is a component of benchmark indices such as the MSCI
Singapore Free Index and the Straits Times Index. For more information, please visit
SGX website: www.sgx.com.
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