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OM Technology Delivers Its SAXESS System To The Iceland Stock Exchange

Date 13/09/2000

OM Technology delivers its SAXESS system to the Iceland Stock Exchange As part of the Iceland Stock Exchange’s participation in the Norex Alliance, the Exchange has signed an agreement with OM Technology for delivery of the SAXESS system for stock and bond trading. Delivery will be completed in the beginning of October and trading will start with the system on October 23.

The Norex Alliance has an important role in bringing Iceland and its financial market closer to Europe. We are particularly pleased about the speed at which the entire implementation process of the SAXESS system will occur, commented Finnur Sveinbjornsson, President of the Iceland Stock Exchange.

We are delighted to welcome the Iceland Stock Exchange as a customer of OM Technology. Our system, and the speed with which we are able to deliver it, reinforces our position as world-leader within the field of transaction technology, stated Magnus Karlsson Böcker, President for OM Technology.

SAXESS is a securities trading system which is currently in use by the OM Stockholm Exchange and the Copenhagen Stock Exchange. The entire SAXESS system has been developed by OM Technology.

OM Technology is the world’s leading supplier of transaction technology. OM Technology is part of the OM group, which supplies transaction technology products and services. OM also operates exchanges and develops technology that increases the efficiency of financial and commodity markets throughout the world. The parent company, OM Gruppen, is listed on the OM Stockholm Exchange.