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The Saudi Stock Exchange is pleased to announce that Sunday, 13th September, 2015 will be the “Go-Live” date for the new X-Stream INET trading platform by NASDAQ. The launch comes after completion of the necessary system testing, and after ensuring full technical and functional readiness and connectivity with market members and data vendors.
The new platform is NASDAQ’s latest in trading solutions and is the fastest recorded trading engine in the world. The new platform will handle the trading of Equities, Sukuk and Bonds, and ETFs. Its robustness, speed, and flexibility will allow us to drive exchange innovation to introduce a variety of new markets, asset classes, and participants whilst enhancing functionality, availability and reliability.
The Saudi Stock Exchange would like to take this opportunity to inform our valued stakeholders that due to the migration to the new platform, all outstanding/unexecuted orders will be cancelled as at the end of trading (3:30pm) on Thursday, 10th September. The new platform will be deployed and will begin accepting new orders at 10:00am on Sunday, 13th September, 2015.
