OM offers exchange outsourcing; upgrades Click
06 November 2002 | 3423 views | 0
Swedish trading technology vendor OM has launched Transaction Service Provider (TSP), an outsourced solution that operates marketplaces for smaller exchanges and clearinghouses.
With TSP, OM hosts operations at a 'marketplace hotel', a platform that is shared with other exchanges and clearinghouses.
The company is also making Tyzer, its market exchange system for small and medium-sized marketplaces, available on a license basis.
The promotion of the products coincides with a bankruptcy filing by rival exchange technology operator EFA Group, which lists some 45 smaller exchanges among its client roster.
In a seperate announcement, OM has upgraded its Click exchange system to support multiple markets on a single platform, including all markets in cash and derivatives, equity, fixed income, commodities and energy.
The new version, Click XT, can process more than 20,000 transactions per second includes diagnostic tools to detect problems and has adapted the interface for the Windows environment.
Ulf Carlsson, general manager for business unit marketplace solutions, OM, says Click XT gives marketplace operators the freedom to pursue strategic alliances or new market areas without investing in a new trading platform.