Per E. Larsson, President and Chief Executive Officer of OM Group, said: "This is an historic event - the way is now clear for Jiway to offer the first pan-European and fully integrated stock exchange to retail brokers in the UK, Sweden and Germany. I am delighted that the UK Financial Services Authority has granted Recognised Investment Exchange status to Jiway, and that Jiway is firmly on track for a successful roll out. This further demonstrates our long term commitment to London and our determination to be one of Europe's leading exchange players".
Jiway is the world's first fully integrated stock exchange and will commence trading in November this year with a roll-out of markets. Headquartered in London, Jiway will be an electronic order and quote driven market providing a single access point for major US and European shares, offering safekeeping and corporate action services together with anonymous trading. Jiway is owned by OM Gruppen AB (60 per cent.) and by Morgan Stanley Dean Witter (40 per cent.). Jiway's own press release and more information about Jiway is available at www.jiway.com
