EGX Extends Nasdaq Tech Contract
Under the agreement, EGX's trading platform will continue to be powered by Nasdaq's X-Stream technology. The original agreement was put in place during 2008 at the Middle East's oldest exchange, although EGX has used Nasdaq for technology provision since 1999.
"We are pleased with the successful, lasting relationship with Nasdaq OMX which has consistently supported our growth and sustainability as an important marketplace in our region," says Mohammed Omran, executive chairman at EGX. "As we continue to evolve our business as the center point of Egypt's financial economy, we want the finest technology and resources available for our market participants. Working with Nasdaq OMX meets this demand head on."
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