Nasdaq OMX signs Bursa Malaysia to tech; agrees to buy Thomson Reuters' PR and IR units
12 December 2012 | 5416 views | 0
Bursa Malaysia has selected Nasdaq OMX's X-Stream Inet technology to power its securities market trading.
The new platform - scheduled for deployment in the first quarter of 2014 - will handle trading of equities, fixed income, ETF, funds and issuer warrants for the Malaysian exchange.
Nasdaq OMX says that its technology will drive exchange innovation for Bursa Malaysia, helping to attract market participants and create innovative products and services to match international demand.
Dato' Tajuddin Atan, CEO, Bursa Malaysia, says: "As we aimed to complete a major technology refresh for our securities market and build on our overall strategic business roadmap, we wanted a trading technology that would satisfy our demands and desire for growth."
Separately, Nasdaq OMX has agreed to acquire Thomson Reuters' investor relations, public relations and multimedia solutions businesses for an undisclosed fee. The units, which provide insight, analytics and communications help to more than 7000 clients worldwide, will be integrated into Nasdaq OMX Corporate Solutions.
Bob Greifeld, CEO, Nasdaq OMX, says: "The combination of these two successful companies represents a distinct opportunity to create a truly unique client experience through premier content and best in class platforms."