Thursday September 26 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.nasdaqomx.com/newsroom/pressreleases/pressrelease/?messageId=1210214&displayLanguage=en
The NASDAQ OMX Group and the Saudi Stock Exchange (Tadawul) have entered into an agreement to upgrade Tadawul`s current trading platform. As part of the agreement Tadawul will continue to leverage the existing suite of market surveillance and CSD technologies that have been supported by NASDAQ OMX since 2006.
As part of its long-term strategic plan, Tadawul will replace its existing NASDAQ OMX platform (SAXESS) with one powered by X-Stream INET technology. Migration to the new platform is expected to commence in January 2014.
Click on the above link for more details.