Wednesday July 10 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The NASDAQ OMX Group (Nasdaq: NDAQ) has entered an agreement with Bahrain Bourse (BHB) to upgrade its current trading platform. Under the terms of the agreement, Bahrain will replace its existing NASDAQ OMX platform (Horizon) with one powered by the industry leading X-stream technology. Additionally, BHB has reconfirmed its commitment to NASDAQ OMX’s post-trade solution. The upgrade is estimated to be rolled out by late 2014.
The upgrade to X-stream Trading will provide BHB with a widely deployed high-end, multi-asset trading platform that complies with international standards. The migration to X-stream Trading is a step in BHB`s ambition to become a Gulf region hub, able to host and facilitate other regional markets. NASDAQ OMX has been working closely with Bahrain since 1999.
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