Wednesday June 21 2023
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: Qatar
On 20th June 2023, Qatar Stock Exchange (QSE) launched a new and high performing trading platform built on the same advanced technology used by many global capital markets.
The new trading platform provides innovative, robust, and scalable solutions that align with the advanced financial market technologies utilized by London Stock Exchange Group (LSEG).
These technologies encompass trading services, market data, data analytics, and market surveillance. All these solutions operate on a unified framework, sharing the same technological infrastructure, data architecture, and software engineering methodology.
The newly launched trading platform offers a range of capabilities, including the provision of services to the derivatives market and facilitating Initial Public Offerings (IPOs). With these added functionalities, QSE is now able to offer a broader range of investment opportunities to its stakeholders.
The new trading platform is a multi-asset, multi-market, trading platform designed for resiliency, high performance, and ultra-low latency. The new trading solutions offer out-of-the-box trading solutions for equity, fixed-income, and derivative instruments on a single robust platform that meets standard trading requirements off-the-shelf, leading to reduced time-to-market and lower implementation risk.
The new trading platform provides extensive support for a multitude of asset classes including equity, fixed income, and derivatives. It also supports market maker protection and monitoring combined with a highly deterministic latency profile to support high-frequency quoting.
The new platform features the deployment of a solution comprising of Millennium Exchange and Millennium Surveillance aimed at enhancing QSE’s overall equity markets infrastructure capabilities. QSE would be able to meet Global best practices and standards, launch new services, and reach unparalleled levels of low latency, high throughput, and resiliency. The new platform uses industry standard FIX messaging and provides features such as real-time portfolio balance checks, new order types, multiple indices, surveillance alerts and market maker monitoring, as well as integrates with the Securities Depository Center Company (Edaa) and trading participants in the equities capital market.
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