Re: Is VMS losing the Financial Sector, also?

Hi JF,

Rumours abound that NASDAQ will want be buying OMX, the operator of many
scandinavian stock exchanges, and more importantly, the developer of
VMS-based stock exchange software sold to many stock exchanges around
the world.

When OM Gruppen failed in its bid for the London Stock Exchange (Is "LSE"
the London School of Economics?) I thought someone may try to turn the
hunter into the hunted, but that was a few years ago now. Where exactly are
these rumours abounding?

The ASX just went OM Click (and must be retiring its home grown VMS app) and
wasn't the Shanghai exchange another big win recently? Although it's built
with RTR (and therefore fundamentally flawed) you have to say this
software's bloody popular! I'm not a businees guru but I just can't see
OMX's software division disappearing anytime soon. (Now whether *they* can
port to another platform and if it's ever in their interests to do so, could
be another matter)

Cheers Richard Maher

"JF Mezei" <jfmezei.spamnot@xxxxxxxxxxxxx> wrote in message
news:1fbd8$46563c1c$cef8887a$1838@xxxxxxxxxxxxxxx
Rumours abound that NASDAQ will want be buying OMX, the operator of many
scandinavian stock exchanges, and more importantly, the developer of
VMS-based stock exchange software sold to many stock exchanges around
the world.

With European markets having overtaken the USA ones last year, NASDAQ
has been desperate to buy into a european exchange. They failed to
impress LSE (London) shareholders and hoppefully they will also fail to
get OMX.

One of the reasons non-USA companies have chosen european over US
exchanges recently is the US Sarbanes Oxley rules which are very onerous
on companies. And there are fears that a US owned exchange in Europe
would eventually have to force listed companies to also abide by USA
rules. (Euronext is now owned by NYSE and it remains to be seen what
will happen to its business)

So, if NASDAQ gets its hands on OMX, there is no telling what will
happen to the VMS software. Not long ago, I had heard on ainterview with
the president of OMX who stated that the software business was very
important to OMX.

However, if folks like Stallard at HP have already comvinced NASDAQ that
VMS is to be retired, NASDAQ may force OMX to stop development on VMS.


Note that Deutsche Börse (sp ?) bought into the International Securities
Exchange (ISE) in New York. But this is neutral to VMS since both are
VMS shops.


.

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