Hong Kong Exchanges and Clearing Limited and OMX have extended by five more years their support and maintenance agreement for HKEx’s derivatives trading, clearing and settlement systems HKATS and DCASS.
“OMX’s technology has assisted HKEx to deliver efficient and reliable systems in supporting our derivatives market,” says Paul Chow, chief executive of HKEx. “Furthermore, the technology system partnership with OMX allows HKEx to realise the advantages of global derivatives market technology advancement. I am confident that HKEx’s joint efforts with OMX will continue to offer investors worldwide an effective and efficient marketplace for the trading, clearing and settlement of derivatives products in Hong Kong.”
HKEx has been using OMX’s technology applications for its HKATS trading system for more than 12 years since 1995.