NYSE Euronext and Abu Dhabi Securities Market Enter Strategic Cooperation Agreement

18.03.08 - 18:26 ... source : New York Stock Exchange

... 18 March 2008 – NYSE Euronext (NYX) and Abu Dhabi Securities Market (ADSM) have entered a cooperation agreement to jointly develop and explore new opportunities in trading systems and other related technology, investor and issuer services, and investment products. As part of this alliance, NYSE Euronext will provide ADSM, by end 2008, with state-of-the-art information and market infrastructure systems and technology to host all financial instruments admitted to trading on ADSM. In addition, NYSE Euronext and ADSM will explore the development of new ventures, including the implementation of ADSM's derivatives market. This agreement is consistent with ADSM's ambitions to become the leading global exchange in the Gulf region, on the basis of its market expertise, modeled after the diversity and international footprint of NYSE Euronext. Duncan L. Niederauer, Chief Executive Officer of NYS ...» Next (HTML)