OM Buys Palion to Expand A-P Presence
VENDOR UPDATE
SYDNEY—Swedish exchange technologies vendor OM Technology has acquired Sydney-based technology provider Palion for an undisclosed sum as part of a drive to expand its business in the Asia-Pacific region.
OM plans to merge the key assets of Palion with its Sydney operations to establish a "broader-based technology business," says Paul McKeown, the Sydney-based OM general manager for banks and brokers who spoke to DWT. OM will particularly focus on Palion's equity derivatives trading tools, so it
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