Puts key technologies used by the largest players into the hands of all exchanges and clearinghouses.
Chicago, IL, November 6, 2002 – OM, a world leading provider of transaction technology to the financial services and energy industries, today announced the availability of two marketplace solutions that put the key technologies used by the largest players into the hands of all exchanges and clearinghouses.
Transaction Service Provider (TSP) from OM is a smart outsourcing solution that operates marketplaces for exchanges and clearinghouses, freeing institutions to focus on their core business. With TSP, OM hosts operations at a "marketplace hotel," a platform that is shared with other exchanges and clearinghouses.
Offered on a license basis, the TYZERTM exchange system from OM is based on proven exchange technology that has been meeting the comprehensive needs of marketplaces around the world for almost 20 years. Specially developed for small and medium-sized marketplaces, TYZER has the capacity to grow as business expands. Either TSP or TYZER can be a good choice, depending on individual needs and the level of operational control required.
"As markets shrink and competition increases, it's vital that marketplaces automate with full electronic systems that enable them to react quickly to new market and instrument opportunities," said Roland Tibell, President OM (US) Inc. & Financial Market Solutions. "It was a natural extension for OM, whose systems are used by more exchanges than any other marketplace system in the world today, to extend its solutions capabilities to meet the needs of all exchanges, regardless of their size."
OM has been developing and operating transaction technology for large exchanges and clearinghouses for almost 20 years. In addition, OM manages world-class data centers and client support operations around the world.
"OM's experience in delivering mission critical trading applications is unparalleled," said Ulf Carlsson, General Manager for business unit Marketplace Solutions within OM. "OM has both the business knowledge to develop sophisticated trading applications and the infrastructure to properly deliver, operate and support them. With TSP and TYZER, all exchanges and clearinghouses can take advantage of our expertise to compete successfully with the biggest players."