We have aggressive plans to expand TLX with reference to the products traded, the banks/brokers connected and new market makers in different countries, said Alessandro Zignani, Product Manager of TLX. OM Technology has shown an outstanding track record in developing software for the financial markets and is an ideal partner for TradingLab. The support of OM Technology will allow us to build a reliable pan-European platform for our Electronic Market, TLX.
We are delighted that TradingLab has chosen OM Technology as an IT partner. This achievement strengthens our position in Italy and Europe and shows OM Technology's ability to provide broad and flexible IT-solutions to a variety of players in the financial markets, said Magnus Karlsson Böcker, President of OM Technology.
The Stride system is developed and maintained together with Elind Computers Limited, a software house based in Bangalore, India. Stride is an electronic trading system and includes functionality for trading, administration and surveillance.
TradingLab Banca, 100% owned by UniCredit Banca Mobiliare and part of the UniCredito Italiano Group, is a securities house specializing in financial products addressing the retail industry. TradingLab, which is the leader in the Italian market for covered warrants, launched TLX in January 2000 and after one year the market has over 30 Italian members and 1 German member. For more information on TradingLab, please visit www.tradinglab.net.
OM Technology is a leading provider of application software to the financial services and energy industries with over 100 customers in 20 countries worldwide. OM Technology has operations in 11 countries. OM Technology's parent company, OM Gruppen is listed on the OM Stockholm exchange. For further information about OM Technology, please visit www.omtechnology.com.
