24.01.2007 09:34:00
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OMX and SGX Sign Agreement on New Data Feed System
The new data feed system is designed to enrich and package pricedata from multiple sources. With this system, SGX can enable brokersand data vendors to provide comprehensive data to their customers.
This collaboration with OMX supports SGX's continuing efforts torenew and refresh its IT infrastructure, with the objective of raisingoverall efficiency and enhancing service quality to marketparticipants.
"This initiative with OMX enables SGX to offer new value-addedprice data to meet the needs of our customers. The new data feedsystem will also support future growth in price data traffic andimprove transmission speed," said Chew Hong Gian, Head of Technologyat SGX.
"This agreement further strengthens OMX's leading position inmarketplace solutions for market data dissemination. We look forwardto continue working with SGX to further strengthen their position as aleader in service quality," said Markus Gerdien, President, MarketTechnology, OMX.
OMX will base the new solution on a market data system from Cicadaand integrate it with SGX's trading engine, SGX QUEST. The solution iscustomised to SGX requirements and will be implemented in 2007.
About OMX
OMX is a leading expert in the exchange industry. Through theNordic Exchange, OMX offers access to approximately 80 percent of theNordic and Baltic securities market. The Nordic Exchange is a termused for marketing purposes and is not a legal entity. It describesthe common offering from the Helsinki Stock Exchange, Copenhagen StockExchange, Stockholm Stock Exchange, Iceland Stock Exchange, TallinnStock Exchange, Riga Stock Exchange and Vilnius Stock Exchange. OMXintegrated technology solutions cross the transaction chain enablingefficient securities transactions for over 60 exchange organizationsin more than 50 countries. OMX is a Nordic Large Cap company in theFinancial 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 firstdemutualised and integrated securities and derivatives exchange. SGXwas inaugurated on 1 December 1999, following the merger of twoestablished and well-respected financial institutions - the StockExchange of Singapore (SES) and the Singapore International MonetaryExchange (SIMEX). On 23 November 2000, SGX became the first exchangein Asia-Pacific to be listed via a public offer and a privateplacement. Listed on its own bourse, the SGX stock is a component ofbenchmark indices such as the MSCI Singapore Free Index and theStraits Times Index. For more information, please visit SGX website:www.sgx.com.
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