Oslo Clearing Enhances OTC Derivatives Processing With Baymarkets' Edge Platform

Oslo Clearing ASA announces a strategic initiative called "Oslo Derivatives Tailor Made" to improve the execution and processing of over the counter (OTC) derivatives. Oslo Clearing has entered into an agreement with Baymarkets for licensing the Edge platform. Edge will

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Oslo Clearing ASA announces a strategic initiative called “Oslo Derivatives Tailor Made” to improve the execution and processing of over the counter (OTC) derivatives.

Oslo Clearing has entered into an agreement with Baymarkets for licensing the Edge platform. Edge will enable traders to negotiate customized OTC derivatives directly with one another with the dual benefits of automatic straight- through processing (STP) and services offered within the secure network of the clearing house.

“Following the market turbulence in 2008, now more than ever our clients need the security of a regulated, stable Central Counterparty (CCP),” says Christian Sjberg, CEO, Oslo Clearing.

“On this background we are pleased to announce the collaboration with Baymarkets to integrate their Edge platform with our existing systems to enable our clients to use a state of the art platform.”

“We are delighted to be working with Oslo Clearing,” says Peter Fredriksson, CEO, Baymarkets. “The timing for Oslo Derivatives Tailor Made could not have been better and gives clients what they need, a combination of the flexibility and depth of the OTC markets with the same security as exchange trading. Worldwide, we expect many exchanges and clearing houses to follow Oslo’s lead.”

L.D.

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