Saudi Stock Exchange Upgrades Platform with Nasdaq OMX
In January 2014, Tadawul will migrate to the new platform powered by X-Stream Inet technology, and will continue to leverage the existing suite of market surveillance and central securities depository (CSD) technologies that have been supported by Nasdaq OMX since 2006.
"The Saudi Stock Exchange is proud to engage in a new chapter in its relationship with Nasdaq OMX as we continue our efforts to build the necessary infrastructure to expand into new products and services," says Adel Al-Ghamdi, CEO of Tadawul. "The platform's scalability across asset classes also enables our marketplace to grow and adapt as our business environment and requirements change."
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