The Nasdaq OMX Group announced that it has entered an agreement with the Abu Dhabi Securities Exchange, or ADX, to upgrade their trading platform.
Under the terms of the agreement, the ADX renews its contract with Nasdaq OMX for a further five years and commits to upgrade to a trading platform powered by Nasdaq OMX’s X-stream technology. The upgrade is expected to be rolled out at the ADX in the second half of 2013.
The upgrade will provide the ADX with a proven, functionality-rich, multi-asset trading platform that complies with international standards and policies.
“Nasdaq OMX has consistently delivered reliable trading technology to the ADX for over a decade and now we look forward to taking the next step in our partnership. Our upgrade to Nasdaq OMX’s X-stream technology will enable significant performance and functionality capabilities that create advantages for both regional and international investors,” ADX director-general Rashed Al Baloushi said.