Singapore Exchange to Deploy Revamped OM Platform

Exchange Technologies

SINGAPORE—The Singapore Exchange (SGX) plans to deploy a new trading system from Swedish financial technology vendor OMHEX—with an estimated $9 million in implementation costs—by the middle of 2005.

The system, a variation of the Click Extend Technology (XT) platform, will be delivered by OM Technology, a unit of OMHEX, which was formed from the merger of OM and the Helsinki Exchange (HEX) in the autumn (TTW, Sept. 8).

SGX officials say the new trading engine will be known as SGX Quest (SGX

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