Business Services Industry
OMX AB to develop new data feed system for Singapore Exchange Limited
Nordic Business Report, Jan 24, 2007
NORDIC BUSINESS REPORT-24 January 2007-OMX AB to develop new data feed system for Singapore Exchange Limited(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Nordic stock exchange operator OMX AB said on Wednesday (24 January) that it has signed an agreement with Singapore Exchange Limited (SGX) 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.
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OMX will base the new solution on a market data system from Cicada and integrate it with SGX's trading engine, SGX QUEST.
No financial terms of the deal were disclosed.
OMX operates the Nordic Exchange, which offers access to approximately 80% of the Nordic and Baltic securities markets.
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