Brief: OM Technology wins LME screen trading bid

The London Metal Exchange has selected OM Technology to develop an after-hours screen-based trading system. The terms of the deal are subject to contract. Further details will be released within the next few weeks.

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Brief: OM Technology wins LME screen trading bid

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

OM is understood to have won the bid in a head-to-head with Computer Sciences Corporation. OM Technology already supplies trading systems to the UK power exchange UKPX and the Pulpex futures market.

The LME has set the end of the year as a deadline for the introduction of electronic trading.

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