Middle East & Africa

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.

Technology provider Charles River Development is expecting to attract more South African buy-side firms to use its Investment Management System (IMS) in 2009 after signing three companies last year.

US equities trading venue Direct Edge will extend the trading hours on its three platforms – EDGA, EDGX and the newly acquired ISE Stock Exchange – in response to international and local client demand.

The Egyptian Stock Exchange (EGX) has become the latest bourse to implement a trading platform from global exchange group Nasdaq OMX.