Astana International Financial Centre JSC and Nasdaq Sign Technology Deal for New AIFC Exchange
(Thomson Reuters ONE) -
The AIFC Exchange will run on Nasdaq Financial Framework trading technology
The new exchange is targeted to launch in late-2017
NEW YORK & ASTANA, Kazakhstan, May 29, 2017 (GLOBE NEWSWIRE) -- Nasdaq,
Inc. (Nasdaq:NDAQ) and Astana International Financial Centre JSC (AIFC) today
announced a new, significant agreement. Nasdaq has been selected to power
Kazakhstan's nascent stock exchange, the AIFC Exchange. The exchange is targeted
to launch in late-2017 and will initially trade equities and fixed income with
other asset classes for future phases.
Within the framework of the agreement, the Nasdaq Matching Engine will be
implemented and go through several rigorous testing and acceptance stages before
official deployment. The Nasdaq Machine Engine is the most widely-used matching
engine in the world that combines extraordinary performance with extensive
functionality to cost-effectively meet current and future business and
performance requirements. Once the AIFC Exchange goes live, Nasdaq will provide
continual maintenance and technical support.
Kairat Kelimbetov, Governor of Astana International Financial Centre, commented:
"Nasdaq's matching engine is considered the best trading platform globally, and
is differentiated by the breadth and depth of its offering, security and
functionality. The AIFC Authority is pleased to cooperate with Nasdaq in
creating the country's exchange infrastructure."
Lars Ottersgård, Executive Vice President, Head of Market Technology, Nasdaq
commented: "Nasdaq is honored to contribute to the new 'state-of-the-art'
exchange infrastructure being built by AIFC Authority for the Kazakhstan and
related international markets. By leveraging our Nasdaq Financial Framework, the
AIFC Exchange will be running on ground breaking technology, which will allow
for standardized and unified operations, coupled with robust flexibility to
boost its competitive proposition in a rapidly evolving international
marketplace. We look forward to partnering and supporting AIFC in this exciting
new development."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in more than 90 marketplaces across the
Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About AIFC
In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev
signed the Constitutional law "On the Astana International Financial Centre"
(AIFC). The aim of the AIFC is to form a leading international centre of
financial services. For the first time in post-Soviet region Common law
framework will be introduced in the AIFC. English shall be the official language
of the AIFC.
The objectives of the AIFC are to attract investment into the economy through
the establishment of an attractive environment for investment in the financial
services, to develop local capital markets, to ensure their integration with the
international capital market, and to develop markets for insurance and banking
services and for Islamic financing in the Republic of Kazakhstan.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology
powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to 3,800 total listings with a market
value of $11 trillion. To learn more, visit: http://business.nasdaq.com.
NDAQG
For Media Inquiries:
AIFC
Gulnara Mukhanova
+77013186032
g.mukhanova(at)aifc.kz
Nasdaq
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.05.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 544914
Anzahl Zeichen: 4872
contact information:
Town:
New York
Kategorie:
Business News
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"Astana International Financial Centre JSC and Nasdaq Sign Technology Deal for New AIFC Exchange"
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