Abu Dhabi Securites Exchange Successfully Launches X-Stream

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Abu Dhabi Securites Exchange Successfully Launches X-Stream

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. 
 

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