OMX has signed a multi-year contract with Plus Markets Group in the UK to provide a new trading and market surveillance platform, as well as IT operations.
Plus Markets Group (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 GBP150 billion.
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.
OMX has an unrivalled reputation in exchange trading technology and support around the world, commented Brian Taylor, CFO of PMG. 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.
The total value of the deal is at least GBP7.2 million over a number of years.