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OMX and BT have entered into an agreement under which market data from OMX Nordic Exchange will be distributed through BT's extensive financial services network.
The new communication solution will generate access to the complete information offerings from OMX market data, which contains more than 800 companies. BT will enable access to the Nordic Exchange's market data to a community of more than 10,500 sites worldwide, which will help eliminate the need for thousands of point-to-point connections to existing and new firms interested in obtaining OMX market data.
"By working with BT we are enabling the OMX business to grow further, which will help create an increased visibility to the companies listed on the Nordic Exchange. The benefits of this deal are twofold. We gain access to a community of market participants not currently accessing the Nordic Exchange and for existing BT customers, including program traders, hedge funds, buy and sell-side firms, they now can easily and quickly obtain our market data. Given today's market conditions, this is a great value proposition for all market participants looking to maintain a competitive edge," says Hans-Ole Jochumsen, President Information Services & New Markets OMX.
OMX will join the nearly 50 execution venues worldwide that currently distribute their market data over the Radianz Shared Market Infrastructure.
About OMX
OMX is a leading expert in the exchange industry. The OMX Nordic
Exchange comprises over 800 companies including its alternative market First
North. OMX provides technology to over 60 exchanges, clearing organizations and
central securities depositories in over 50 countries. The Nordic Exchange is
not a legal entity but describes the common offering from OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a
Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange.
For more information, please visit www.omxgroup.com.
About BT
BT is one of the world's leading providers of communications
solutions and services operating in 170 countries. Its principal activities
include networked IT services; local, national and international
telecommunications services; higher-value broadband and internet products and
services and converged fixed/mobile products and services. BT consists
principally of four lines of business: BT Global Services, Openreach, BT Retail
and BT Wholesale.
In the year ended 31 March 2007, BT Group plc's revenue was £20,223 million
with profit before taxation of £2,484 million. British Telecommunications plc
(BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all
businesses and assets of the BT Group. BT Group plc is listed on stock
exchanges in London and New York. For more information, visit
www.bt.com/aboutbt
