Abu Dhabi Securities Exchange (ADX) has announced that the new trading system, X-Stream Trading has gone live on the 17th
of April 2014. X-Stream Trading, developed by NASDAQ OMX, is the most widely used exchange trading system in the world. The final full-function test of the system was completed successfully by ADX on 12th
April in the presence of NASDAQ OMX.
The agreement for the provision of X-Stream Trading was signed between ADX and NASDAQ OMX in May 2012. The new platform will improve ADX’s trading performance and transparency, and ensure low latency in pre- and post-trade or “at trade” risk management checks. It will also allow faster back office reconciliation of transactions.