NYSE, Abu Dhabi to develop market
United Arab Emirates: Wednesday, March 19 - 2008 at 08:55
The Abu Dhabi Securities Market is teaming up with NYSE Euronext, the world's largest owner of stock exchanges, to develop a trading system and work toward creating the Gulf region's first derivatives market, reported Bloomberg. The exchanges also will develop investment products and new ventures, as well as forge links for listing companies. The Abu Dhabi market will switch to NYSE Euronext's technology from its current platform provided by Nasdaq OMX Group Inc.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 08:55 UAE local time (GMT+4)
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