Asia Pacific Stock Exchange to Employ Nasdaq Technology
"APX is revolutionizing the way Asian capital, especially China, is accessed," says George Wang, deputy chairman of APX. "By tapping NASDAQ OMX to provide our trading technology, we are selecting a platform with proven capabilities to offer multi-asset classes, indexes, high capacity and the FIX infrastructure that offers local and overseas participants standardized, reliable, stable and fast communication. We are proud to be offering our customers an industry-leading trading platform that matches our growth ambitions, making our operational capabilities limitless."
APX is seeking to differentiate itself from other exchanges in a number of ways. These include attracting a large number of investors from Asia-specifically in Greater China-to trade on the APX market, targeting growth companies, and adopting a multilingual approach in the trading and information platform.
Nasdaq OMX's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces.
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