Qatar Exchange thanks Special Systems “SSC” for its contribution and support to successfully launch the “UTP” introduced by NYSE Euronext

Sunday , 17 October , 2010

In appreciation of Special Systems key contribution to launch the new State-Of-The Art Trading System, which drives Qatar Exchange into World Class Financial Center, Qatar Exchange represented by the IT Director Mr. Jassim Bukashisha has distinguished SSC with an official “Thank You” letter respecting its exceptional help and vertical experience to lunch this project successfully.

Special Systems has collaborated with International Financial Securities “IFSC” team to perform stress testing measures and applied advanced test cases that came up with very critical findings to be adjusted for reliable, approved and smooth roll out.

Universal Trading Platform (UTP) is an advanced and sophisticated technology beyond the standard FIX and MDF concepts, which is using the same next generation system that NYSE Euronext is introducing in to its global markets and will link to the global SFTI network that connects all of NYSE Euronext's markets.

Andre Went, Qatar Exchange Chief Executive Officer said: “the Universal Trading Platform will play an essential role in Qatar Exchange’s progression towards establishing a world class market, listing diversified investment products. This launch also marks an important step in the history of the Qatari market with the introduction of new order types, order parameters and closing auction thus improving efficiency and transparency and attracting a diverse investor base”.

Here with, a copy of the “Thank You” letter received from Qatar Exchange.

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