"The Stock Exchange Council’s approval is the final step in the process of becoming a member of the Norex exchange alliance. When the common trading system is ready for use in a little over one year’s time, Norway’s exchange-listed companies will benefit from significantly greater exposure in the international capital markets", explains Sven Arild Andersen, President of the Oslo Stock Exchange.
"Once the Oslo Stock Exchange starts to use SAXESS, between 70 to 80 percent of the volume of shares in the Nordic region will be traded through one and the same trading system. The Oslo Stock Exchange will be the fourth exchange to implement SAXESS and we are delighted to welcome them as OM Technology’s partners", comments Magnus Karlsson Böcker, President of OM Technology.
SAXESS is a securities trading system which is currently in use at the OM Stockholm Exchange, the Copenhagen Stock Exchange and the Iceland Stock Exchange. SAXESS has been developed entirely within OM Technology.
OM Technology is one of the world's leading suppliers of transaction technology. OM Technology is part of the OM group, which supplies transaction technology products and services. OM operates exchanges and develops technology that help increase the efficiency of financial and commodities worldwide. The parent company, OM Gruppen, is listed on the OM Stockholm Exchange.
