Abu Dhabi Securities Exchange (ADX)

Abu Dhabi Securities Exchange (ADX) announced recently that it is in the final stages of completing the process of replacing its current trading system Horizon with the new trading system X-stream from NASDAQ OMX. ADX stated that it has successfully finished its third mock session on the new trading system.

The mock session conducted by ADX is to ensure the readiness of the brokerage firms and their internal systems to deal with the new trading platform X-stream, as well as to recognize the readiness of communications network of the companies participating in the mock session. X-stream is a high performance exchange trading system that offers multiple functionalities and maximum flexibility to cater to the needs of ADX.

On this occasion, ADX CEO, Mr. Rashed Al Baloushi, said: "The process of testing the new system was successful. We are grateful for all the brokerage firms that participated in the testing process, and we hope from the companies that did not participate to update their systems to conform to the new trading platform."

"Technology performance is important to meeting our business performance demands and we're committed to maintaining a leadership role in every aspect of our exchange operations. We're always monitoring our performance and searching for ways to improve our platforms, services and support." Said Mr. Al Baloushi


ADX CEO pointed out that the purpose of these tests is to validate the end to end information flow and avoid faults, if any, at a very early system phase, as such tests will provide the opportunity of making the required modifications, if any, in a timely manner.

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