Kuwait’s stock exchange will clamp down on trading “misbehavior” and offer investors a fairer playing field in the biggest overhaul of its trading system in nearly two decades, a senior bourse official said.
The exchange plans to introduce the “X-stream” trading system on May 13, backed by The Nasdaq OMX Group Inc. It will pave the way for trade in financial instruments such as Islamic bonds and exchange-traded funds (ETFs).
It will also keep a closer eye on possible cases of insider trading or price manipulation using an integrated surveillance system.
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