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Nasdaq OMX has announced that its X-Stream Inet technology will power securities trading at Bursa Malaysia.
The exchange will use the platform, scheduled to be rolled out in the first quarter of 2014, for trading in equities, fixed income, exchange-traded funds, other funds and issuer warrants.
"As we aimed to complete a major technology refresh for our securities market and build on our overall strategic business roadmap, we wanted a trading technology that would satisfy our demands and desire for growth," says Dato' Tajuddin Atan, CEO at Bursa Malaysia.
In the same announcement, Nasdaq also announced that it would be acquiring PR, investor relations and related services from Thomson Reuters.
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