OMX says wins order from Canada's DEX
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.
© Thomson Reuters 2009 All rights reserved.
Pound picking up strength
Sterling will gradually strengthen against the dollar over the next 12 months but is unlikely to move much, a Reuters poll shows. Full Article | Related Story

UK
US