OMX to deliver new trading solution to Plus Markets Group

OMX, a leading expert in the exchange industry, has signed a contract with Plus Markets Group (PMG) in the United Kingdom to provide a new trading and market surveillance platform as well as IT operations.

Under the terms of the contract, OMX will be the system provider for the license, customization and implementation of its trading platform, as well as a market surveillance platform supplied by SMARTS. In addition, OMX will provide full IT operations to support PMG’s technology infrastructure. PMG is an independent UK provider of primary and secondary equity market services and currently trades over 850 small and mid-cap company shares, representing a combined market capitalization of over £150bn.

“To be chosen to deliver the trading technology and IT operational services to PMG is an acknowledgement of our position as a leading global provider of exchange technologies. Equally as important, it is an opportunity to strengthen our position in the rapidly changing European market. We are very proud to welcome PMG into the OMX community of customers”, said Markus Gerdien, President Business Area Market Technology, OMX.

Brian Taylor, Chief Financial Officer of PMG said: “We are delighted to have selected OMX as our preferred trading technology provider. OMX has an unrivalled reputation in exchange-trading technology and support around the world. Their world class software engineering, combined with straightforward connectivity by market participants, will provide firm foundations for the further substantial extension of our trading services to support some 5,000 securities. We are confident PLUS will be an ideal venue for investors to optimize their best execution opportunities.”

Total order value is at least £7.2m over a number of years.