Oslo Børs decided in February this year to start negotiations with Nasdaq OMX on the delivery of its next-generation trading system, Genium Trading. Oslo Børs has now been made aware that Nasdaq OMX has changed the content of Genium Trading.
Oslo Børs intended to replace the trading systems SAXESS (equities and bonds) and CLICK (derivatives) with Genium Trading. An important factor was that the new trading platform would be able to handle the equities, fixed income and derivatives markets in one and the same system. The main change to the project is that Genium Trading will now comprise three separate platforms for trading in equities, fixed income and derivatives respectively.
Following these changes, Oslo Børs will now take some time to evaluate the possible consequences for its future choice of trading platform.
Oslo Børs is currently party to agreements to use SAXESS and CLICK, both of which are supplied by Nasdaq OMX. The agreement for SAXESS expires in 2010 and the agreement for CLICK is valid until its termination.
