NYSE technology on display in Doha deal
The news that NYSE Euronext will take a 25 percent stake in the Doha Securities Market is yet another example of the premiere exchange company's ambitions as a technology solutions vendor. It's task for the Doha exchange--one that carries an obvious equity incentive--is to make the fledgling exchange a techno power: the go-to market in the entire Middle East. Make no mistake, though, there will be competition. Securities Industry News reports the exchange's Advanced Trading Solutions unit will play a big role. It has also purchased various solutions providers (messaging and data management) which it has folded into its customized exchange solutions business. The technology to be implemented also will borrow from existing platforms, including Arca and Liffe Connect. The NYSE is aiming for more deals, it appears; it has deals with two exchanges in India already.
For more:
- here's the article from Securities Industry News
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