Iraq Stock Exchange Launches Nasdaq's X-stream Trading Technology
The Baghdad-Based Exchange is Now Operating the Most Widely Deployed Trading Platform in the World
The X-stream Trading upgrade provides ISX with a widely deployed high-end, multi-asset trading platform that complies with international standards. The new technology provides ISX with improved performance and up to ten-fold the amount of the capacity.
"This is an important milestone for our exchange, the companies of
"Nasdaq is proud to be supporting our long-term customer ISX in upgrading their market infrastructure," said Lars Ottersgard, Executive Vice President, Head of Market Technology, Nasdaq. "This is a very dynamic, important marketplace that has the attention of the entire world. ISX has effectively shown their leadership and focus in driving access to capital in
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. 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 70 marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over
About
To enable companies to trade electronically, Electronic trading was introduced to the market for the first time in the history of
ISX operates 5 trading sessions on Sunday, to Thursday every week.
According to the regulation rules, ISX tasks include: Regulating, controlling, disclosing, and launching continuous trading on listed company's shares, in addition to controlling both trading operations and activities of Brokerage Companies financial solvency.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its X-stream product. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other
factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the
NDAQG
CONTACT: NASDAQ MEDIA CONTACT:Ryan Wells 1.646.581.4286 ryan.wells@nasdaq.com ISX MEDIA CONTACT:Jimmy Afham Toma 964 7703 995 610 info-isx@isx-iq.net
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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