Nasdaq OMX to Upgrade Nigerian Bourse's Trading Platform
![nasdaq-nse nasdaq-nse](/sites/default/files/styles/landscape_750_463/public/import/IMG/247/219247/nasdaq-nse-580x358.jpg.webp?itok=wCKfnMQ3)
The Nasdaq OMX Group has entered into an agreement with the Nigerian Stock Exchange (NSE) to upgrade its cash equities trading platform.
The new technology will be powered by Nasdaq's X-stream software, with completion expected for the first half of 2013. X-stream will give the NSE multi-asset capability, and continues a technology provision arrangement between the two companies in place since 1997.
"Through our commitment to world-class technology we are setting the foundation for developing NSE to a West African financial hub," says Oscar Onyema, CEO at the NSE. "Moreover, with our new advanced platform in place we can broaden our product-base as well as build the capacity to offer hosting services to other exchanges in the region."
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