Source: AtosEuronext Market Solutions
Muscat Securities Market (MSM) today announced that it has successfully moved to Atos Eurnoext Market Solutions (AEMS) exchange and trading solution NSC.
"The implementation of NSC allows the MSM to purse its long-term goals of attracting new liquidity, increasing our volumes, enabling multiple markets, and expanding our product range. This world class AEMS solution, delivered on time and on budget, ultimately improves the MSM's strategic position not only within the Middle East but internationally as well," said Ahmed Saleh Al-Marhoon, Director General, MSM.
The NSC solution is one of the flagship products from AEMS currently live with 14 exchanges including Euronext and in the pipeline with an additional 3 exchanges. This solution supports both equities and derivatives trading. The MSM implementation of NSC is complemented by AEMS' ARAMIS market surveillance system and the PAM broker front-end. The NSC solution modules were customised within the nine month roll out period to fit specific needs unique to both the Muscat market and Middle Eastern trading. MSM members will now have the benefits of an efficient and highly transparent trading environment which meets their requirements for growth and alignment with international trading standards.
John Oddie, Global Head, Exchange Business Unit at AEMS said: "We are thrilled at the opportunity we've been given by the MSM to help them realize their strategy and optimize their service to their clients. Our partnership with Muscat represents the fifth securities exchange in the Middle East to migrate to AEMS products. AEMS has unrivalled experience in the region, and we are committed to contribute to the further growth of the Middle Eastern marketplace following our recent implementation of NSC for the DIFX."