OM Wins Systems Order From Minneapolis Grain Exchange

Minneapolis Grain Exchange (MGEX), offering trading in the third largest wheat contract in the USA, has signed an agreement with OM for the delivery of OM's CLICK exchange system. The order is the first in a new type of deal for OM whereby OM will act as Trading Service Provider (TSP) with facility management of the operations of MGEX on a platform that can be shared by a number of exchanges. The order runs over 3 years and implementation of the project will commence during the fall of 2001.

This is the first order of its kind for OM and it opens up a new market for us. It means that we are also able to take on the role of partner to smaller exchanges and we are proud to welcome Minneapolis Grain Exchange as our first Trading Service Provider client, comments Magnus Böcker, Head of OM's Division Technology.

Minneapolis Grain Exchange was founded in 1881 and trading in spring wheat contracts started as early as 1883. Today a number of different grain contracts are traded, as well as cottonseed and shrimp. During the fall, trading will start in corn and soybeans. For more information please visit www.mgex.com.

OM is a world leading provider of transaction technology, offering systems solutions for banks, brokerage firms, exchanges, clearing houses and other financial institutions as well as energy market participants worldwide. OM also owns and operates exchanges and clearing organizations. For more information, please visit www.om.com.