OMX AB signs agreement with Bombay Stock Exchange

Nordic Business Report, Jan 11, 2008

NORDIC BUSINESS REPORT-11 January 2008-OMX AB signs agreement with Bombay Stock Exchange(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

The Nordic stock exchange operator OMX AB said on Friday (11 January) that it has signed an agreement with the Bombay Stock Exchange (BSE).

Under the agreement OMX will deliver trading and clearing systems to strengthen BSE's derivatives and securities trading capabilities.

The trading platform is part of BSE's ongoing efforts to transform its exchange IT infrastructure to match the growing needs of the marketplace.

The first phase of the system roll-out is targeted for launch by mid 2008.

Also involved in the project are subcontractors Headstrong and HCL Technologies, who under the agreement will deliver a range of components and services inside the project.

OMX, headquartered in Stockholm, Sweden, owns and operates the stock exchanges of Stockholm, Helsinki, Copenhagen, Reykjavik, Riga, Tallinn and Vilnius. In addition the company develops and markets technical solutions and services to the securities industry. OMX reported revenue of SEK3.6bn in 2006.

One British pound (GBP) is worth approximately 12.56 Swedish kronor (SEK).

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