Middle East & Africa

SHUAA to trade equity derivatives on Nasdaq Dubai

Nasdaq Dubai, a stock exchange operating in the Dubai International Financial Centre (DIFC), has admitted brokerage SHUAA Securities to trade on its equity derivatives market.

DFM proposes sweeping changes to Nasdaq Dubai trading

Dubai Financial Market (DFM), the emirate’s principal stock exchange, has proposed a series of changes to the equities operation of Nasdaq Dubai, the exchange it acquired at the end of 2009.

Malaysian and Bahraini bourses join forces for Islamic products

Exchange groups Bursa Malaysia and the Bahrain Financial Exchange (BFX) have signed a memorandum of understanding to develop a commercial agreement for the provision of financial products to Islamic market participants and strengthen bilateral ties.

Dubai exchange launches surveillance system

Dubai Financial Market (DFM), a Dubai-based stock exchange, has successfully implemented the SMARTS Integrity Platform, a market surveillance solution developed by Australia-based technology firm SMARTS.

Nasdaq OMX sells Dubai stake to DFM

Dubai Financial Market (DFM), the exchange subsidiary of government-owned holding company Borse Dubai, has agreed a deal to purchase Nasdaq OMX’s stake in Nasdaq Dubai.

Interactive Data to offer Nasdaq Dubai data

Interactive Data, an analytics and market data provider, is to start supplying real-time market data from Nasdaq Dubai using XData, a market data solutions provider for the Middle East and Africa.

Turkish bourse to use Aleri for trading surveillance

Turkish derivatives exchange TurkDEX has chosen technology firm Aleri’s Coral8 complex event processing engine to develop applications for monitoring trading on its platform.

EFG-Hermes moves towards automated broking

Middle Eastern investment bank EFG-Hermes has said joining global FIX-based connectivity networks will allow it to improve handling of high-touch client orders by reducing the inefficiencies of manual trading methods.