23 October 2017

OMX inks trading technology deal with OTC commodity marketplace Agora-X

08 January 2008  |  4701 views  |  0 OMX

Swedish technology group and exchange operator OMX has won a deal to provide a hosted trading system to Agora-X, a new US marketplace for over-the-counter (OTC) commodity contracts.

OMX will supply hardware, software and operations to support the Agora-X ECN, which is scheduled for launch in mid 2008.

The deal covers licensing, implementation and customisation as well as hosting, monitoring, maintenance and on-going support of the platform.

The new ECN is designed for a wide range of contract types, although it will initially target OTC option "look-a-likes" in specific energy and agricultural commodities, as well as all commodity swaps.

OMX says its technology will enable Agora-X to add new commodity types and meet regulatory changes. The platform is built with an open architecture application programming interface, which provides the flexibility to accommodate multiple front ends, says the vendor.

The OMX board recently recommended a $4.9 billion offer from Borse Dubai. After the purchase Borse Dubai plans to transfer ownership of OMX to Nasdaq in exchange for a stake in the US exchange.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Singapore Commodity Exchange signs for OMX trading technology

Singapore Commodity Exchange signs for OMX trading technology

30 November 2007  |  5973 views  |  0 comments
Dubai and Qatar mulling LSE/OMX share swap deal - reports

Dubai and Qatar mulling LSE/OMX share swap deal - reports

23 October 2007  |  7286 views  |  0 comments
Nasdaq and Borse Dubai hammer out OMX pact; QIA takes 20% stake in LSE

Nasdaq and Borse Dubai hammer out OMX pact; QIA takes 20% stake in LSE

20 September 2007  |  9000 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19166 views comments | 28 tweets | 40 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15121 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10944 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8979 views comments | 14 tweets | 28 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job