The new trading system "X-Stream" is one of the Nasdaq OMX International Group's products, which has been operated in more than 15 countries all over the world, including China, Switzerland and Indonesia. X-stream is designed to support the increasing volume of trading on EGX as well as the simultaneous trading of multiple product classes including equities, debt, ETFs, futures and options in both an exchange traded and cash/OTC/derivatives environment.
From another perspective, the new trading system allows the introduction of the market makers system, together with the possibility of having a price discovery session to determine the opening prices. This new system is expected to enhance the Exchange’s competitiveness by allowing the E-Trade.
Additionally, the Exchange provided an extensive training for more than 1000 trader to make sure that they will not face difficulties with the new trading system. In that respect, more than 30 mock sessions have been conducted to test the system efficiency and to get the members' feedback about the facilities the new trading system provides.
Worth mentioning that EGX will launch a number of new indices within a month from the implementation of the new trading system, to be released on the trading terminals on a real time basis by the beginning of Year 2009.
