The solution from OM Technology was in all phases the most attractive of all the alternatives, said Tom Hammond, Executive Vice President of BOTTC. The key components of SECUR give us functionality and flexibility today as well as for the future. This enhancement will allow us to go forward with BOTCC's long-term strategic plans to provide clearing services to other business partners such as B2B entities and electronic marketplaces. This hybrid technology solution will leverage BOTCC's existing technology and clearing expertise.
We are very happy that one of the world's leading clearing houses, BOTCC, has chosen our technology. This is an important breakthrough in the highly competitive U.S. market for OM's clearing solutions and also a sign of the credibility our technology has achieved, says Magnus Karlsson Böcker, President OM Technology.
BOTCC is the world's largest independent and highest financially rated and secure clearing house. It is the only clearing house which is AAA rated and backed by a $100 million default insurance policy.
OM Technology is a leading provider of application software to the financial services and energy industries. OM Technology's parent company, OM Gruppen, is listed on the OM Stockholm Exchange. For further information about OM Technology, please visit www.omtechnology.com.
