STOCKHOLM, Sweden, April 5, 2005 (PRIMEZONE) -- The Thailand Futures Exchange (TFEX) and OMX Technology (OMX) today signed an agreement for the use of CLICK Trade -- the order entry system, CLICK XT(tm) and SECUR(tm) as a new integrated trading and clearing platform for its derivatives products. The agreement includes license, project implementation and support of the system for five years. The project implementation was scheduled to commence already in March.
TFEX is a wholly owned subsidiary of The Stock Exchange of Thailand (SET) and is licensed to trade financial and commodities derivatives. As a new futures marketplace, TFEX will begin trading its first contract, the SET50 index futures, in Q4/2005, followed by interest-based products and stock options.
"The decision to adopt OMX's system was a result of a detailed study of the suitability of the OMX system to support our market's needs and the fact that it is in line with our strategic focus, which is to provide our customers with efficient, and easy to access, trading and hedging opportunities," said Mr. Vijit Supinit, Chairman, TFEX.
TFEX managing director Mrs. Kesara Manchusree added that, "We have strong confidence that OMX's technology is the right solution because it has been proven to be highly efficient and reliable. It is already used in major exchanges around the world, including the leading Asian exchanges like in Singapore, Hong Kong and Korea."
"It is an honor to be selected by the TFEX as technology partner for their new forward-looking trading and clearing platform. OMX's extensive experience and know-how in setting up derivatives markets worldwide has proven key for being chosen for this contract," said Mr. Klas Stahl, President OMX Technology. "The agreement enhances OMX's position as a leading marketplace technology provider both in the Asia Pacific and worldwide. And we will continue to develop long-term customer relationships based on our ability to deliver lasting solutions, first-rate service and real economic results for our clients."
For more information, please contact Anna Rasin, Vice President Marketing & Communications +46 8 405 6612 TFEX Business Development Department +662-229-2758, +662-229-2760
About TFEX
The Thailand Futures Exchange Public Company Limited was established in 2004 and is a wholly-owned subsidiary of The Stock Exchange of Thailand (SET). TFEX`s aim is to be a world-class derivatives exchange for the trading and hedging of Thai financial derivatives products. TFEX will launch operations by Q4/2005, with the SET50 index futures as its first contract. Currently, the TFEX is in discussion with interested participants regarding membership opportunities in the TFEX and in further preparation for market launch. For more information about the TFEX, please contact the Business Development Department at 662-229-2758, +662-229-2760
About OMX/OMX Technology
OMX Technology is a global company with expertise in making securities transactions more efficient. Known for its fully electronic marketplace platforms, OMX Technology is a leading global provider of transaction technology, as well as processing and outsourcing solutions for financial and energy markets. OMX Technology has over 100 customers in 20 countries and is the largest commercial provider of marketplace systems to the world's major exchanges. OMX Technology is a division of OMX, a company that also owns and operates exchanges, clearing organizations and central securities depositories, and has operations in 14 countries. For more information, please visit www.omxgroup.com.
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