Sager From KTFA: Nasdaq, ISX, ESX and the New X-Stream
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10/14/2014
KTFA:
Sager: Nasdaq invites ESX to two international conferences 12.05.2014 Shwan Barzinji BasNews, Erbil American Nasdaq Stock Market has invited the Erbil Stock Exchange (ESX) to two international conferences. Abdullah Ahmad, the head of ESX told BasNews that the Kurdish stock exchange will participate alongside some of the biggest stock markets in two international conferences, in Dubai and Stockholm. Nasdaq and ESX have signed an agreement to power the ESX with NASDAQ OMX X-stream trading technology to increase market participant involvement, both in the region and internationally. X-stream will provide ESX with a solution to trade equities and debt instruments, and position ESX to move into other asset classes as its market expands.
Ahmad also explained that ESX will work with the Nasdaq system, and will launch its work at the end of next month. http://www.basnews.com/en/News/Details/Nasdaq-invites-ESX-to-two-international-conferences/20112
MORE INFO ABOUT X-STREAM: NEW YORK and BAGHDAD, Iraq, June 28, 2013 (GLOBE NEWSWIRE) — The NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with the Iraq Stock Exchange (ISX) to upgrade its current trading platform. Under the terms of the agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one powered by the renowned X-stream technology. The upgrade is expected to be rolled out by mid-year 2014. “We are committed to becoming one of the most innovative and groundbreaking exchanges, in the Middle East and across the world,” said Taha A. Abdulsalam, CEO, Iraq Stock Exchange. “Upgrading our trading technology and continuing our partnership with NASDAQ OMX is a clear indication to investors, regulators and other exchanges that Iraq will continue to become a financial center for more regional and global businesses.” The upgrade to X-stream will provide ISX with a widely deployed high-end, multi-asset trading platform that complies with international standards.
The upgrade to X-stream will provide ISX with a widely deployed high-end, multi-asset trading platform that complies with international standards. The migration to X-stream is a step in ISX’s ambition to become a Middle Eastern hub, able to host and facilitate other regional markets. NASDAQ OMX has delivered trading technology to ISX since 2007. “We congratulate the Iraq Stock Exchange on their commitment to a trading platform that is certain to put them at the technology forefront of exchanges in the Middle East,” Lars Ottersgard, Senior Vice President, Market Technology, NASDAQ OMX. “The upgrade to X-stream technology will equip ISX with a sophisticated and robust trading platform that increases investor involvement both in the Middle East and internationally.” In less than a decade, traded shares in ISX increased almost 10-fold, to more than 1.2 billion traded shares expected in 2013, while market capitalization increased more than seven times over the same period to over $12,170 billion USD in the first six months of 2013 alone.
“We are extremely proud to support ISX’s positive development and their vision to provide a well-recognized marketplace in the region,” said Michèle Carlsson, Head of Business Development, Middle East and Africa, NASDAQ OMX. “ISX recently implemented one of the most successful IPOs in the Middle East and by upgrading to our X-stream technology, The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. And Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward. The Iraq Stock Exchange (ISX) plans to upgrade its current trading platform, according to an agreement the Baghdata-based marketplace entered with Nasdaq OMX. Under terms of the agreement, ISX will replace its existing Nasdaq OMX platform (Horizon) with one powered by the X-stream technology. A rollout of the upgrade is planned for mid-year 2014 The upgrade to X-stream will provide ISX with a widely deployed high-end, multi-asset trading platform that complies with international standards, according to Nasdaq OMX. The move is also a step in ISX’s ambition to become a Middle Eastern hub, able to host and facilitate other regional markets. “We are committed to becoming one of the most innovative and groundbreaking exchanges, in the Middle East and across the world,” stated Taha A. Abdulsalam, CEO, Iraq Stock Exchange. “Upgrading our trading technology and continuing our partnership with NASDAQ OMX is a clear indication to investors, regulators and other exchanges that Iraq will continue to become a financial center for more regional and global businesses.” Commenting on the agreement, Lars Ottersgård, SVP, Market Technology for NASDAQ OMX, said the new “trading platform … Is certain to put them at the technology forefront of exchanges in the Middle East.” “The upgrade to X-stream technology will equip ISX with a sophisticated and robust trading platform that increases investor involvement both in the Middle East and internationally According to Michèle Carlsson, Head of Business Development, Middle East and Africa for NASDAQ OMX, who is also quoted in the release, “ISX recently implemented one of the most successful IPOs in the Middle East and by upgrading to our X-stream technology, ISX will be running a resilient market place that will attract both Iraqi and international investors.” Nasdaq OMX’s X-Stream technology is currently used by 25 exchanges globally |
Source: http://nesaranews.blogspot.com/2014/10/sager-from-ktfa-nasdaq-isx-esx-and-new.html
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