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The EDGE trading system
Oslo Børs uses the price discovery and matching tool EDGE tailor made derivatives (OTC-derivatives) trading. EDGE is developed by Baymarkets AB, who has a long experience in developing trading and registration software for exchanges, brokerage firms and banks, and for different markets throughout the world.
Flexible tool
For Oslo Connect, EDGE is used as a platform for registration and marketing of price interests, as well as for matching and registration of clearing requests. EDGE is a highly flexible tool, through which every contract can be tailor made according to each member’s specifications.
Anonymous trading possible
When entering a deal interest, it is possible to choose whether to be anonymous (clearing required) or registered with contact information attached to the order. It is also possible to choose from different clearing services. Oslo Clearing recently launch a new service for contract administration, but without taking on the counterparty risk. For more information about Oslo Clearing, please see osloclearing.no
Efficient negotiation tool
EDGE also works as a highly efficient negotiation tool, where it is possible to negotiate with all other connect members, anonymous or with member id. EDGE has a newly developed ”trade negotiation”-functionality where all negotiations are concentrated on a special order, or through a more general member chat. Combined with the brokerage services offered by the Oslo Børs derivatives broker desk, the members have several methods of conducting negotiations. All communication, either through EDGE or Oslo Børs, are taped and will be handled according to the connect rules.
In order to use EDGE, a sub-license agreement as well as a membership agreement for Oslo Connect must be signed with Oslo Børs.
For test users, please contact Oslo Børs.
