Monday July 14 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The Amman Stock Exchange has provided an update on the introduction of a new trading system in partnership with the Muscat Securities Market, Beirut Stock Exchange and Bourse De Tunis.
A workshop was held in June 2014 which established the details related to the project such as signing final contracts, and discussing practical procedures to develop the new system were discussed.
The project of the Amman Stock Exchange, the Muscat Securities Market, Beirut Stock Exchange and Bourse De Tunis provides for the updating of the current electronic trading systems to the new system (UTP-Hybrid). The new system will provide many technical and functional features regarding trading in securities such as stocks and bonds which are currently traded. This system will also enable the trading of new financial instruments such as derivatives and futures.
The project is anticipated to be completed by the first half of 2017.
Click on the above link for the press release.