OMX says wins order from Canada's DEX

Tue Oct 2, 2007 2:21pm BST
 
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STOCKHOLM (Reuters) - OMX OMX.ST said on Tuesday it won an order to deliver and support a new trading system for DEX, a new Canadian derivatives market.

DEX is jointly owned by Canadian exchange group TSX Group Inc. (X.TO) and International Securities Exchange ISE.N), an equity options exchange.

"OMX will be the system provider for the license, customization, implementation and support of DEX's new derivatives trading system," the Nordic and Baltic exchange owner said in a statement.

"DEX is scheduled to begin operations in March 2009."

Terms were not disclosed.

OMX's board has recommended a cash offer of 265 crowns per share from state-run Borse Dubai, which has teamed up with U.S. exchange Nasdaq (NDAQ.O) to purchase the Nordic and Baltic exchange owner.

 
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