Amanah xData to distribute DIFX market data to brokers
Amanah xData, a Canadian and Arabian Gulf technology company, has signed an agreement with the Dubai International Financial Exchange (DIFX) to distribute the exchange's market data, including share prices.
- United Arab Emirates: Tuesday, July 31 - 2007 at 08:17
- PRESS RELEASE
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Amanah xData will distribute DIFX market data feeds locally and globally to brokers, using its financial application infrastructure to facilitate immediate access to DIFX information.
A signing ceremony to mark the agreement was attended by senior executives of the DIFX and Amanah xData as well as other senior business people and honorary Canadian diplomats.
Hamed Ali, Executive Officer of the DIFX, said:
'In line with the rapid growth of the DIFX as the region's international exchange, demand is increasing from brokers, financial institutions and e-brokerage software providers to connect to the DIFX network. The DIFX has attracted share listings from companies with roots all over the world, from Saudi Arabia to Australia and South Africa to Switzerland, and more are on the way.'
Nezar Freeny, Chief Executive and Chairman of Amanah xData, said: 'Following a similar agreement reached last month with the Toronto Stock Exchange, our agreement with the DIFX is a keystone in our strategy to connect global exchanges, offering us enormous potential leverage. We are very impressed by the professionalism and speed with which DIFX is conducting business and we look forward to working with the exchange to serve the local and international markets.'
Graham Rush, Canadian Senior Trade Commissioner to the United Arab Emirates, said:
'This agreement is a pioneering event for Canadian financial technology companies, as Amanah xData is taking full advantage of the massive economic growth taking place in the Arabian Gulf through its link with the DIFX.
'It is also very impressive to see the growth of DIFX and we look forward to further cooperation between the exchange and Canadian firms.'
Log in to request more information from DIFX
Notes and media contacts
For further information on the DIFX, please contact:
Amira Abdulla
Dubai International Financial Centre
Tel: +971.4.362.2433
Mark Fisher
Dubai International Financial Exchange
Tel: +971.4.3622451
About DIFX
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The exchange launched in September 2005 and currently has 18 Members - ABN AMRO, Arbuthnot Securities, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, Hichens, Harrison & Co, HSBC, ING Bank NV, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), NBD Investment Bank, SHUAA Capital and UBS.
Issuers on the DIFX: Equities - Albaraka Banking Group (ordinary shares), Boulder Steel (ordinary shares), Citigold Corporation (ordinary shares), Fortune Management (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (India) (global depositary receipts), Monarch Gold Mining Company (ordinary shares), Rana Sugars (global depositary receipts); Sphere Investments (ordinary shares); Bonds - DP World (Medium Term Notes), Dubai Holding Commercial Operations Group (Medium Term Notes), Kuwait Financial Centre S.A.K. (Closed) (Notes); MashreqBank (Medium Term Notes), National Bank of Dubai (Medium Term Notes); Islamic products - Aabar Sukuk (Sukuk), Cherating Capital (Sukuk), DAAR International Sukuk (Sukuk), Dar Al Arkan International Sukuk (Sukuk), DIB Sukuk (Sukuk), DIFC Investments (Sukuk), Dubai World Sukuk (Sukuk), IIG Funding Ltd (Sukuk), Nakheel Development (Sukuk), Ports, Customs and Free Zone Corporation (Sukuk), TID Global Sukuk (Sukuk); Structured Products - Deutsche Bank (certificates over indices).
The regulator of the DIFX is the Dubai Financial Services Authority (DFSA). The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is DIFC Investments.
About Amanah xData
Established in 2007, Amanah xData is a subsidiary of Amanah Holding, a Canadian technology services and solutions provider with presence in Toronto and Dubai. Amanah xData provides innovative turnkey application infrastructure solutions to brokers, software houses, data vendors and financial institutions allowing immediate access to market data and trading facilities. Amanah xData's vision is to be the prime Financial Market Data services and solutions provider in Canada and the Arabian Gulf and its mission is to acquire market data and make it globally accessible and useful. Amanah xData's solutions are to include complete application infrastructure, MDF and FIX API's, raw- and business data, live Web- and TV tickers and custom-built applications.
For more information please visit www.amanah.com
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, July 31 - 2007 at 08:17 UAE local time (GMT+4)
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