Oslo Børs ASA implements next generation OTC derivatives platform from Baymarkets

March 18, 2014 - PRLog -- Oslo Børs has upgraded Oslo Connect, their OTC derivatives MTF trading and price discovery system, to the latest version of Edge, which is provided by Baymarkets AB, the specialist OTC market systems developer. Edge is the trading and registration platform used by exchanges, brokerage firms and banks in multiple markets throughout the world.

Oslo Connect combines the flexibility of the OTC market with the reliability of the standardised exchange market to ensure efficiency in trade processing for tailor-made derivatives. Users of Oslo Connect can negotiate and trade derivatives, utilizing straight through processing (STP) into Oslo Clearing or bilateral deal capture and settlement.

The upgraded Oslo Connect supports equity derivatives trading with a more modern GUI and future-proofed functionality enabling the MTF to introduce additional products to the supported product set.

Jesper von Zweigbergk, Head of Derivatives at Oslo Børs said “We are looking forward to continuing to provide our customers with a state-of-the-art marketplace both technically and functionally”.

Peter Fredriksson, the CEO of Baymarkets, commented “We have enjoyed an excellent working relationship with the Oslo Børs over the last 5 years and are thrilled that they have upgraded to our latest OTC platform which enables Oslo Connect to offer new functionality and opportunities to its market participants.”

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About Baymarkets

Baymarkets delivers the next generation trading system for the OTC markets with the Edge Trading Platform. Our clients, located in Europe, Asia and the US, are brokers, banks, and exchanges/MTFs, who want to increase their revenues, adapt to the market regulations and maximize the business with each of their clients, by streamlining and standardizing the trading processes.

Baymarkets Edge is designed to be a highly configurable trading and negotiation platform providing you with the flexibility you need to succeed in your market niche.

The Baymarkets team is based in Stockholm, Sweden with international board members. The team has extensive experience in the financial markets and software development.
Baymarkets is independent and owned by its founders, staff and KTHChalmers Capital, a leading Swedish VC-fund that is funded by the Wallenberg Group.

Call us today at +46 8 454 85 50 or visit our website www.baymarkets.com for more information.

About Oslo Børs
Oslo Børs ASA was founded in 1819 and offers the only regulated markets for securities trading in Norway today. The marketplace Oslo Børs is constantly bringing domestic and international investors together with world class issuers in a fully regulated environment.

Investor protection and market surveillance combined with attractive products are at the heart of our dedication to offer quality markets to our users. Oslo Børs offers a full product range including equities, derivatives and fixed income instruments on their market places.

Oslo Børs ASA is 100% owned by Oslo Børs VPS Holding ASA.

Oslo Connect, operated by Oslo Børs ASA, is approved as a Multilateral Trading Facility (MTF) by the Norwegian Financial Supervisory Authority “Finanstilsynet”.

For more information http://www.oslobors.no