Saudi Stock Exchange (Tadawul) Signs Post-Trade Technology Transformation Agreement with NASDAQ

Saudi Stock Exchange (Tadawul) Signs Post-Trade Technology Transformation Agreement with NASDAQ

The Saudi Stock Exchange (Tadawul) and NASDAQ have officially signed an agreement to transform Tadawul’s Post-Trade technology infrastructure, that includes registry, depository and risk management technologies. In addition to the Post-Trade area, NASDAQ will continue to support the existing trading and market surveillance technology at Tadawul.

The new Post-Trade technology, will replace Tadawul’s current registry, depository and settlement solution, which was implemented in 2001. In addition to introducing a new central counterparty clearing solution, this transformation will enable both Tadawul and market participants to introduce new asset classes to the market and offer new services to the investors. Furthermore, these changes will increase efficiency, effectiveness and further growth of the market, supported by a modern flexible and efficient technology that reduce risks in the Post-Trade area in compliance with international best practices and standards.

This transformation is expected to complete during second half of 2020.


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