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Qatar Exchange launches new trading system
06 September 2010
Qatar Exchange is now trading with same technology as strategic partner, NYSE Euronext
Qatar Exchange has reached a major mile-stone in its drive to develop in Doha a world class financial center by launching the Universal Trading Platform, with the system successfully going live yesterday.
The introduction of the Universal Trading Platform means that the country’s cash equities exchange will operate with the same state-of-the-art technology as NYSE Euronext, the global trading group and strategic partner of the Qatar Exchange since June 2009.
The move represents a significant step forward in the development of Qatar Exchange, laying firm foundations to realize the State of Qatar’s strategic vision for the market to act as a global exchange, working in accordance with the best international practices and standards.
Qatar Exchange now has an important piece of the infrastructure to work towards expanding the capabilities of the market with new products such as bonds and other diversified exchange traded instruments.
The announcement caps a...
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