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New Zealand Exchange Chooses X-stream

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Nasdaq OMX will provide the new platform for the Asia-Pac exchange.

The New Zealand Exchange (NZX) has selected Nasdaq OMX's X-stream technology to power its trading platform. The new platform will handle trading of equities and derivatives securities and is scheduled to be rolled out at the end the third quarter or early in the fourth quarter of this year.

X-stream, currently deployed in 22 markets, is a multi-asset trading system that is capable of handling a range of instruments on a single platform.

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