Bahrain Bourse to Boost Trading Engine With NASDAQ OMX X-stream Technology
“Upgrading our trading platform is part of our implementation of BHB‘s strategy that aims to improving all aspects of the bourse’s operations,” said Fouad Rashid, Director of Bahrain Bourse. “Bahrain is dedicated to developing the capital markets sector in Bahrain, boosting regional investment and continuing our partnership with NASDAQ OMX through upgrading to its X-stream technology. We are very optimistic about our future growth, and building our regional and international footprint,” Rashid added.
“As Bahrain Bourse strives to increase investor involvement in the Gulf region and international landscape, we look forward to supporting them in this long-term endeavor,” said Lars Ottersgard, Senior Vice President, Market Technology, NASDAQ OMX. “Our partnership will equip the bourse with one of the most powerful trading technologies in the world.”
The upgrade to X-stream Trading will provide BHB with a widely deployed high-end, multi-asset trading platform that complies with international standards. The migration to X-stream Trading is a step in BHB's ambition to become a Gulf region hub, able to host and facilitate other regional markets. NASDAQ OMX has been working closely with Bahrain since 1999.
“We are excited to continue our long-term partnership with Bahrain Bourse throughout its development,” said James Martin, Vice President and Regional Manager, Middle East and Africa, NASDAQ OMX. “Our commitment to working with the financial markets in the Gulf Cooperation Council echoes through the entire Middle East region as they continue to rapidly develop and raise their profile further with global and local audiences.”
NASDAQ OMX's X-stream technology is currently used by over 25 exchanges globally.
About Bahrain Bourse
The Bahrain Bourse (BHB) was established as a shareholding company in 2010 to replace Bahrain Stock Exchange that was established in 19987. Officially, organized trading in Bahraini stock market commenced in 1989, and it included financial instruments such as equities, fixed income instruments, and mutual funds. BHB is a self-regulated organization (SRO) Licensed by the Central Bank of Bahrain (CBB).
There are 47 companies listed on the exchange, two mutual funds, and nine bonds/Islamic Sukuk. The three indices tracking the market's performance are the Bahrain All Share Index, the Esterad Index (which consists of a basket of selected local-publicly listed companies), and the Dow Jones Bahrain Index.
Since its establishment, BHB has joined several regional and international organizations such as World Federation of Exchanges (WFE), Arab Federation of Exchanges, Federation of Euro-Asian Stock Exchanges “FEAS”, Africa & Middle East Depositories Association “AMEDA”, and Association of National Numbering Agencies “ANNA”.
Foreigner investors are allowed to own up to 100% of shares of local listed companies. There are no taxes on investment in securities nor on capital gains generated from trading on shares.
For more information, please visit BHB website: www.bahrainbourse.com
Website: http://www.nasdaqomx.com
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This news is a press release provided by The NASDAQ OMX Group. Korea Newswire follows these editorial guidelines.
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2018년 3월 7일 12:46