OMX AB Press release, January 24, 2007
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 SGX's
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 SGX's 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 OMX's 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 SGX's 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.