Monday April 29 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The Bermuda Stock Exchange (BSX) will celebrate the upgrade of the BSX exchange technology platform to NASDAQ OMX state of the art trading system, X-stream, by opening the NASDAQ at the Nasdaq MarketSite in Times Square in New York City, NY on Monday, April 29, 2013.
The BSX has upgraded its technology platform to X-stream as part of its effort to enhance its position as the world’s leading offshore securities market and to provide advanced trading, clearing and settling capabilities for equities, debt issues, funds, hedge funds, derivative warrants and Insurance linked securities. NASDAQ OMX’s X-stream is the most widely used marketplace management system in the world because it provides the operational efficiencies needed to rein in costs and maintain profitability as well as the robust functionality and flexible technology architecture.
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