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Omiris Goes Live With Oneworld From OM Technology - Growing Company Implements Integrated Trading And Settlement To Enhance Cross-Border Investment Opportunities

Date 22/11/2000

OM Technology, the world's leading provider of transaction technology, today announced that Omiris Networks Limited is using components of OM Technology's.

OneWorld product suite for its recently launched global equity service. Omiris Networks' new system enables member banks, brokers and asset managers worldwide to seamlessly execute and settle domestic and cross-border securities transactions from any international market via an integrated, secure communications network. The system uses core technology - including settlement and order management -supplied by OM Technology.

"As a knowledge-based company we were able to offer cutting edge solutions that integrated our resources, technology and know-how in a way that allowed Omiris to create a new environment," said William S. Payne, President, OM Technology, Securities Systems.

"We are very excited about the launch of our new global equity service, which positions Omiris as the first independent provider of a complete securities transaction community," said Charles R. Giessen, CEO, Omiris Networks. "Partnering with OM Technology has provided a mutual foundation for pushing the technology envelope to provide faster and easier access to global markets."