Oslo Bors updates OTC derivatives platform with latest Edge
Oslo Børs has upgraded Oslo Connect, their OTC derivatives MTF trading and price discovery system, to the latest version of Edge, which is provided by Baymarkets AB, the specialist OTC market systems developer.
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Edge is the trading and registration platform used by exchanges, brokerage firms and banks in multiple markets throughout the world.
Oslo Connect combines the flexibility of the OTC market with the reliability of the standardised exchange market to ensure efficiency in trade processing for tailor-made derivatives. Users of Oslo Connect can negotiate and trade derivatives, utilizing straight through processing (STP) into Oslo Clearing or bilateral deal capture and settlement.
The upgraded Oslo Connect supports equity derivatives trading with a more modern GUI and future-proofed functionality enabling the MTF to introduce additional products to the supported product set.
Jesper von Zweigbergk, Head of Derivatives at Oslo Børs said "We are looking forward to continuing to provide our customers with a state-of-the-art marketplace both technically and functionally".
Peter Fredriksson, the CEO of Baymarkets, commented "We have enjoyed an excellent working relationship with the Oslo Børs over the last 5 years and are thrilled that they have upgraded to our latest OTC platform which enables Oslo Connect to offer new functionality and opportunities to its market participants."