"We chose to work with OMX to take advantage of their broad experience as an IT provider of mission critical systems for the financial services industry and to enable us to be up and running quickly," said Samuel Gaer, CEO of NYMEX Europe Limited. "OMX has a long track record serving exchanges, and we look forward to deepening our relationship with OMX as we continue to grow and expand our business globally."
This deal represents a further expansion of OMXâs Global Services business, in this case supporting financial applications not originally developed by OMX. A strong niche player in facilities management, OMXâs core expertise is enabling efficient securities transactions. Unlike most providers, OMX has both detailed and in-depth knowledge of the securities industry and vast experience in developing and hosting sophisticated financial applications.
President of OMX Americas, Roland Tibell said, "We are honored that NYMEX, the worldâs largest physical commodity futures exchange, has chosen to partner with OMX for its exciting new venture in London. This relationship reflects OMXâs strong position in Europe and the Americas and represents a strong vote of confidence in OMX as a provider of IT infrastructure services."
NYMEX Europe will initially offer open outcry trading of Brent crude oil and gasoil futures.