Middle East & Africa

Apama pushes into Eastern Europe, CIS and Middle East

Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has unveiled plans to expand into central and eastern Europe (CIS), the Commonwealth of Independent States (CIS) and the Middle East with dedicated sales teams for the regions.

J.P. Morgan offers electronic trading on South African exchanges

J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).

ITG crossing network reaches into new markets

Agency broker and technology provider ITG said its POSIT crossing network can execute trades in equities from the Czech Republic, Hungary and South Africa.

Markets at “critical” juncture – new global exchanges head

William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.

RTS extends DMA service to Nasdaq Dubai

Realtime Systems Group (RTS), a trading solutions provider, is to offer its clients connectivity to Nasdaq Dubai, formerly known as the Dubai International Financial Exchange.

Fidessa to open Middle East HQ

Fidessa, a provider of trading, compliance and connectivity solutions, has hired two new staff as part of its expansion in the Middle East, and plans to set up a regional headquarters in Bahrain.