Tadawul's launches new trading system
The Saudi Stock Exchange, Tadawul, will launch its new X-Stream INET trading platform on 13 September. The NASDAQ platform is understood to be the fastest-recorded trading engine in the world. It will facilitate execution of trades in equities, Sukuk, bonds, and ETFs.

Riyadh-Mubasher: Saudi Stock Exchange (Tadawul) said it will launch the new X-Stream INET trading platform on 13 September.

The announcement comes after completion of necessary testing for the new system, and upon ensuring full technical and functional readiness and connectivity with market members and data vendors.

The platform is NASDAQ’s latest trading solution and the fastest-recorded trading engine in the world.

The new system will handle trading of equities, sukuk, bonds, and exchange-traded funds (ETFs), Tadawul added.

The system’s robustness, speed, and flexibility will allow Tadawul to drive exchange innovation to introduce a variety of new markets, asset classes, and participants, while enhancing functionality, availability and reliability.