Installment in January 2014
'Nasdaq Omax' develop the financial Saudi market trading system
Saudi stock market company «trading» signed with NASDAQ of innovation, one of the companies involved in the construction and development of automated systems for the Exchange and global financial markets, agreement to replace the current SAXESS trading system with a highly effective system X-Stream INET with continuity of the use of automatic systems for settlement and market supervision, where they will start implementing this Convention in January 2014. Adel Al-Ghamdi said, Executive Chairman of the Saudi stock exchange ' trading ', during the signing ceremony of the Convention in the Media Center at the trading company in Riyadh, the partnership with ' innovation ' is off the NASDAQ to a new development stage by financial market within the strategic plan aimed at developing the infrastructure and technology to financial market, enabling it to develop its products and services.
And he said that the new system of financial market X-Stream INET, which is the most advanced in the world in the financial markets, is an investment for the future of the Saudi stock market, which will enable investors in the Saudi market from financial companies and individuals have access to the best technical solutions in terms of speed and capacity. Al-Ghamdi said that the new system will enable the property market to cope with the current and future needs.
AlGhamdi concluded by saying ' we are happy to choose company NASDAQ technical innovation a strategic partner to the Saudi stock market, which would contribute to the achievement of the strategic objectives for the future of the financial market. , Said Lars uttrskard, Executive Vice President of technology market NASDAQ company innovation, he was happy to choose his company as a developer of technical regulations for the capital market ' trading ', ' that this Convention strengthens the relationship between financial innovation and market NASDAQ, and that this relationship is the culmination of efforts made over the past period. We look forward to devote efforts to work with in the coming period to implement its development '.