Wednesday November 13 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The NASDAQ OMX Group and the Erbil Stock Exchange (ESX) have signed an agreement to power the ESX with NASDAQ OMX`s X-stream trading technology to increase market participant involvement, 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.
The new trading system will be implemented in a two-phased process: phase one is the actual delivery of X-stream, which includes the configuration, installation and testing of a customized X-stream version that meets ESX business requirements; the second phase will cover the ongoing support and maintenance of the system, for a period of five years, utilizing NASDAQ OMX`s extensive global status as a market and technology leader, and its customer support network.
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