Nasdaq and Borse Dubai Sign Landmark Market Technology Deal - Seite 2

Hamed Ali, Chief Executive of Nasdaq Dubai, said: "Nasdaq's technology infrastructure has played a key role in enabling the success of Nasdaq Dubai so far, including our equities and equity futures markets and CCP activities. We look forward to further expanding our product offerings, markets and other services backed by Nasdaq's efficient and effective technology enhancements."    

"We are honored to support Borse Dubai as they move to strengthen their market infrastructure with next generation trading and post-trade technology," said James Martin, Regional Manager, EMEA, Market Technology, Nasdaq. "As Dubai continues to strengthen itself as a major international financial center, it requires transforming how its markets operate and perform to meet and exceed international standards under local market conditions, especially in the area of risk management and clearing. This new technology vision by Borse Dubai will give a clear signal to the world's capital markets that Dubai is dedicated to take their markets to the next level."

"DFM is committed to investing in its infrastructure as part of its drive to provide innovative services to various market participants," said Hassan Al Serkal, Chief Operating Officer and Head of Operations Division, DFM. "Empowering DFM with cutting-edge technologies massively strengthens its competitiveness in terms of speed, capacity, flexibility and expandability of the trading engine as well as achieving the highest levels of efficiency for post-trade services. We look forward to accomplishing this significant technology overhaul in cooperation with Nasdaq, the long standing technology partner of DFM, in order to ensure market infrastructure's full readiness for a new era of sustainable growth and further fortify DFM's position as the market of choice for issuers and investors in the region."

Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 85 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

About Borse Dubai: Borse Dubai is the holding company for Dubai Financial Market (DFM) and Nasdaq Dubai. Borse Dubai was created 6 August 2007 to consolidate the Government of Dubai's two stock exchanges as well as current investments in other exchanges, expanding Dubai's position as a global capital market hub.