Mr Robert Elstone, SFE Managing Director and CEO, said: “SFE has a clear and challenging strategy to bring cost effective, efficient and flexible clearing and settlement facilities to the Australian and Asian markets through its subsidiary, Sydney Futures Exchange Clearing House (SFECH). The OM SECUR Clearing system will enable SFECH’s service delivery to be expansive and timely, combining the strong reputation of OM Technology and its global experience, with SFE’s desire to provide market and user processing benefits.”
“This is an important step for OM Technology in strengthening both our position as a leading technology provider to exchanges in Asia and our position as systems provider for clearing solutions. We are happy to welcome SFE as a partner,” said Magnus Karlsson Böcker, CEO OM Technology.
SFE is one of the leading derivatives exchanges and clearing houses in the Asia Pacific region. It gives customers around the clock and around world access to its markets via its fully electronic trading system, SYCOM®, wholly owns the New Zealand Futures and Options Exchange, and provides all clearing and settlement services through its subsidiary, SFECH.
OM Technology is one of the world’s leading suppliers of transaction technology to the financial services and energy industries. OM Technology’s parent company, OM Gruppen, is listed on the OM Stockholm Exchange.
