Bahrain Bourse Goes Live with New Trading Engine
Bahrain Bourse has gone live with its new trading engine, powered by NASDAQ OMX’s X-stream trading platform.
The new platform will enable Bahrain’s stock exchange to enhance trading options for investors and a variety of market participants, as well as create new products and services to match international demand. In addition to the new X-stream technology, the exchange will also continue to leverage the existing CSD technologies that have been provided and supported by NASDAQ OMX since 2000.
“Replacing our trading platform is a milestone in the history of the Kingdom of Bahrain’s capital market, and is one of the key projects of the Bourse’s strategy that was adopted in 2011 to develop all work aspects at Bahrain Bourse,” said The Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO, Bahrain Bourse. “I extend my thanks to the Bourse’s board of directors for their tremendous support and facilities they have provided to the executive management, as well as our technology partner NASDAQ OMX.”
Added James Martin, General Manager, Middle East and Africa, NASDAQ OMX: “As Bahrain Bourse continues to develop as an exchange leader in the region, we are thrilled to support them on the launching of our X-stream technology, as well as their efforts in promoting a transparent and efficient market for all market participants.”