The NASDAQ OMX Group announced that it has entered an agreement with the Abu Dhabi Securities Exchange (ADX) to upgrade their trading platform. Under the terms of the agreement ADX renews its contract with NASDAQ OMX for a further five years and commits to upgrade to a trading platform powered by NASDAQ OMX's X-stream technology. The upgrade is expected to be rolled out at ADX in the second half of 2013.
The upgrade to X-stream technology will provide ADX with a proven, functionality rich, multi-asset trading platform that complies with international standards and policies. The platform will handle trading of equities, fixed income and ETFs with the possibility to introduce additional instruments. NASDAQ OMX has been delivering trading technology to ADX since the year 2000.
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