North American stock exchange NASDAQ OMX Group, Inc (NDAQ: Quote) said it has reached an agreement with The Abu Dhabi Securities Exchange, or ADX, to upgrade their trading platform.
As per the deal terms, 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 ADX in the second half of 2013.
The upgrade to X-stream technology would provide ADX with a proven, functionality rich, multi-asset trading platform that complies with international standards and policies. The platform will handle trading of equities, fixed income and ETFs with the possibility to introduce additional instruments.
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by RTT Staff Writer
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