Nasdaq to Power Trading and Clearing on East African Exchange
Nasdaq OMX will deliver its X-stream technology, employed by 25 global exchanges, to power electronic trading and clearing for the commodity and cash market. It is scheduled to roll out in Q3 of 2013.
"The East Africa Commodity Exchange was seeking for a partner with a proven track record and a capacity to deliver more than only technology," says Lars Ottersgård, SVP and head of market technology at Nasdaq OMX. "Nasdaq OMX X-stream Trading is the most widely deployed trading system in the world
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