The LME Select trading system is being developed in conjunction with OM Technology. CMS WebView plc will be working closely with OM and the LME to deliver the required solution.
The new transparency interface to be developed by CMS WebView plc is scheduled for use by the LME quote vendors on the implementation of release 2 of LME Select, expected in June/July 2001. It will provide customers with access to real time trading data generated by the LME Select system.
Alan Whiting, executive director; regulation and compliance at the LME and LME Select project director said:
"The LME has been very satisfied with the transparency feed developed by CMS WebView plc for release 1 of LME Select and is delighted to be working with CMS WebView plc to develop the feed for release 2."
Bob Antell, Chief Executive of CMS WebView plc said:
"This is a significant contract for CMS WebView plc and the company is very pleased to be offered a further opportunity to utilise its expertise in the areas of technical project management and real-time data solutions on such an important development for the LME."
LME is the world's largest non-ferrous metals futures and options exchange with a value of traded contracts of approximately $10 billion per day and a yearly value of $2500 billion.
OM Technology is a leading provider of application software to the financial services and energy industries with over 100 customers in 20 countries worldwide. OM Technology’s parent company, OM Gruppen, is listed on the OM Stockholm Exchange.
CMS WebView plc is an established provider of real-time data and trading system solutions. Until 1997, the company was a subsidiary of the former London Commodity Exchange (and latterly LIFFE) and is now a fully independent enterprise that is listed on the London Stock Exchange's AIM market.