OMX signs contract with the Zagreb Stock Exchange to deliver new trading system

OMX, a leading expert in the exchange industry, has signed an agreement with the Zagreb Stock Exchange to provide a new trading system and enhance Zagreb Stock Exchange's IT infrastructure. Under the terms of the contract, OMX shall be the system provider for the license, customization, implementation and support of Zagreb Stock Exchanges' new trading system for cash and derivatives. The agreement follows the Memorandum of Understanding signed in November 2006.

“To be chosen to deliver the trading technology to Zagreb Stock Exchange, the largest exchange in South-Eastern Europe, is an acknowledgement of our position as a leading global provider of market technology. It is also an important step forward in our strategy to strengthen our position in Eastern Europe. The aim of the partnership between OMX and Zagreb Stock Exchange is to contribute to the development of the financial markets in the region”, said Markus Gerdien, President of Market Technology within OMX.

”Zagreb Stock Exchange is one of the leading marketplaces in South-Eastern Europe. In order to keep our position we are following the highest technology standards and we believe the partnership with OMX will further strengthen our position in the region. The aim of the new trading platform is to remove technical obstacles for further market development and give us an opportunity to provide our customers with modern financial instruments and products”, said Roberto Motušić, Managing director of the Zagreb Stock Exchange.