16 August 2017
visit www.avoka.com

Egyptian Exchange upgrades platform with Nasdaq OMX

27 November 2008  |  2502 views  |  0 Source: Egyptian Exchange

In its endeavor to keep abreast with technological advancements in order to be the premier market in the Middle East North African (MENA) Region that best serves its stakeholders, EGX has upgraded its trading platform to OMX high performance X-Stream solution, to be launched effective November 27, 2008, replacing the current trading system EFA Horizon.

The new trading system "X-Stream" is one of the Nasdaq OMX International Group's products, which has been operated in more than 15 countries all over the world, including China, Switzerland and Indonesia. X-stream is designed to support the increasing volume of trading on EGX as well as the simultaneous trading of multiple product classes including equities, debt, ETFs, futures and options in both an exchange traded and cash/OTC/derivatives environment.

From another perspective, the new trading system allows the introduction of the market makers system, together with the possibility of having a price discovery session to determine the opening prices. This new system is expected to enhance the Exchange's competitiveness by allowing the E-Trade.

Additionally, the Exchange provided an extensive training for more than 1000 trader to make sure that they will not face difficulties with the new trading system. In that respect, more than 30 mock sessions have been conducted to test the system efficiency and to get the members' feedback about the facilities the new trading system provides.

EGX will launch a number of new indices within a month from the implementation of the new trading system, to be released on the trading terminals on a real time basis by the beginning of 2009.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10950 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10069 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9419 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9174 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8284 views comments | 6 tweets | 21 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job