Tunis Stock Exchange upgrades NSC platform
Tunis Stock Exchange, announced that it had successfully implemented the latest version of its NSC® electronic platform, NSC® V900, for equities trading, developed by Atos Euronext Market Solutions (AEMS), the leading global provider of technology solutions for exchanges, clearing houses, banks, and intermediaries.
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As a NYSE Euronext partner, the Tunis Stock Exchange has used the NSC® platform since 1996 when it became the first user of NSC® Unix. This latest upgrade sees the exchange move to a Linux operating platform and will result in a significant improvement of system performance, particularly in relation to response times which will be reduced to an average of less than 1 millisecond.
The new platform will allow brokers to implement their own order management systems and connect them to the exchange using internationally accepted standards such as FIX and MMTP. This will enable brokers to offer online trading services to their customers for the first time.
Mr Youssef KORTOBI, Chairman of the Tunis Stock Exchange said:
"We have ambitious plans to develop new markets, improve liquidity, broaden the range of products offered to investors and issuers, and increase the capital market share in financing the economy. The NSC® platform has consistently delivered over the last decade and I am confident that this latest upgrade will allow us to build on our reputation as a pioneer in advanced market technology adoption."
Stanley Young, CEO from AEMS said:
"I am delighted that the Tunis Stock Exchange has chosen to continue its long standing relationship with NYSE Euronext by choosing the latest NSC® upgrade, NSC® V900. Its open architecture and increased speed is perfectly suited to an exchange which is looking swiftly to grow its market share and product range."