Baltic Exchanges May Use OM’s Saxess System
TRANSACTION SYSTEMS
SWEDEN--OM Technology’s Saxess exchange trading system may be rolled out within a year to the Baltic exchanges of Riga, Tallinn and Vilnius, all of which have signed a letter of intent to join the Norex exchange alliance.
Saxess, used by the existing Stockholm and Copenhagen Norex exchange partners, is an equity, derivatives and fixed-income-based trading and routing system designed to deal with over 2,000 transactions per second. Presently, the system is responsible for over 70 per cent of
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