Bahrain Bourse Upgrades to X-stream
"Upgrading our trading platform is part of our implementation of BHB's strategy that aims to improving all aspects of the bourse's operations," says Fouad Rashid, director of BHB. "Bahrain Bourse is dedicated to developing the capital markets sector in Bahrain, boosting regional investment and continuing our partnership with Nasdaq OMX through upgrading to its X-stream technology."
The migration to X-stream Trading is a step in BHB's ambition to become a Gulf region hub, able to host and facilitate other regional markets. Nasdaq OMX has been working with the bourse since 1999.
"Our commitment to working with the financial markets in the Gulf Cooperation Council echoes through the entire Middle East region as they continue to rapidly develop and raise their profile further with global and local audiences," says James Martin, Nasdaq VP and regional manager for the Middle East and Africa.
X-stream technology is currently used by over 25 exchanges globally.
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