NO 250 – DECEMBER 2013

WFE Focus

Abu Dhabi Securities Exchange begins mock session for new trading platform

The Abu Dhabi Securities Exchange has begun testing the new X-stream trading system acquired from NASDAQ OMX. The mock session conducted by ADX is to ensure the readiness of the brokerage firms and their internal systems. Two more testing sessions are forecasted in December 2013 and January 2014. The official launch of the new trading system is scheduled at the end of January 2014. The system is designed to support the increasing volume of trading on ADX as well as the simultaneous trading of multiple products including equities, debt, ETFs, futures, forwards, and options.

Budapest Stock Exchange uses Deutsche Börse Xetra system

The Budapest Stock Exchange migrated its electronic securities trading to Deutsche Börse’s Xetra trading system on 6 December 2013. The Budapest Stock Exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999. Now all four stock exchanges in the CEE Stock Exchange Group (Vienna, Prague, Ljubljana and Budapest) are operating with Xetra.

Bursa Malaysia goes live with new trading system

Bursa Malaysia and NASDAQ OMX Group announced that Bursa Malaysia has gone live with their new trading engine, Bursa Trade Securities 2 (BTS2) powered by NASDAQ OMX’s X-stream INET. The project was delivered ahead of schedule on 2 December 2013.

Moscow Exchange updates derivatives market terminal

Moscow Exchange has significantly revised the program interface of its derivatives market terminal and new functionalities have been added that best meets modern requirements. They include, among other improvements: charts and technical analysis; access to both futures and options from one terminal; quotes of the currency and stock markets in the playback mode; added support for quotes import into excel format with the possibility of further analysis.

TMX Group to manage non-standardized OTC derivatives transactions

TMX Group announced that Razor Risk Technologies, a subsidiary of TMX Group under the TMX Technology Solutions brand, has entered into license and services agreements with NetOTC, a London-based multilateral netting and risk mitigation platform for managing non-standardized OTC derivative transactions.