Astana International Financial Centre JSC and Nasdaq Sign Technology Deal for New AIFC Exchange
The AIFC Exchange will run on Nasdaq Financial Framework trading technology
The new exchange is targeted to launch in late-2017
Within the framework of the agreement, the Nasdaq Matching Engine will be implemented and go through several rigorous testing and acceptance stages before official deployment. The Nasdaq Machine Engine is the most widely-used matching engine in the world that combines extraordinary performance with extensive functionality to cost-effectively meet current and future business and performance requirements. Once the AIFC Exchange goes live, Nasdaq will provide continual maintenance and technical support.
Kairat Kelimbetov, Governor of
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in more than 90 marketplaces across the
The objectives of the AIFC are to attract investment into the economy through the
establishment of an attractive environment for investment in the financial services, to develop local capital markets, to ensure their integration with the international capital market, and to develop markets for insurance and banking services and for Islamic financing in the
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of
the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of
For Media Inquiries:
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via Globenewswire
News Provided by Acquire Media