KUALA LUMPUR, Feb 14 (Bernama) -- Nasdaq Inc and Romanian electricity and gas market operator (OPCOM) have signed a new market technology agreement for Nasdaq to deliver new matching engine and clearing technology via the Nasdaq financial framework architecture to Romania's energy market.
Nasdaq, in a statement, said that OPCOM, which stands for Operatorul Pietei de Energie Electrica si Gaze Naturale, would leverage the modular functionality of the framework to offer additional services to their members and clients.
The agreement marks the next chapter in the technology relationship of the two companies which began in 2005.
Nasdaq's regional manager of market technology for Europe, the Middle East and Africa (EMEA), James Martin said by running trading and clearing technology on the Nasdaq financial framework, OPCOM could seamlessly build and expand its business and capabilities to the benefit of its clients, partners and investors.
Meanwhile, OPCOM chief executive officer, Victor Ionescu said the partnership has brought added value into Romania's energy market and strengthened market participant confidence.
"It also greatly contributed to the implementation of a new important legal framework in the energy domain," added Ionescu.
-- BERNAMA
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