Thai futures exchange signs with OMX

Thai futures exchange signs with OMX

Sweden's OMX Technology has won a deal to supply an integrated trading platform based on its Click XT software to the new Thailand Futures Exchange (TFEX), which is due to launch operations in the fourth quarter.

TFEX - a subsidiary of The Stock Exchange of Thailand - will initially use the integrated system to support its derivative trading operations.

The agreement covers licensing, implementation and support of the system for five years. OMX's Click XT platform supports multiple markets on a single platform. The integrated system will also include the vendor's front end product Click Trade, and clearing technology Secur.

Kesara Manchusree, MD, TFEX, says: "We have strong confidence that OMX's technology is the right solution... It is already used in major exchanges around the world, including the leading Asian exchanges like in Singapore, Hong Kong and Korea."

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