OMX announced Monday the signing of a contract with Dubai Financial Market, in the United Arab Emirates, to provide a new trading system for the market.
The contract’s terms outline that OMX will be the system provider for the license, customization, implementation and support of DFM’s new trading system.
According to Magnus Bcker, OMX president and CEO, the contract with DFM, which has seen high growth levels in recent years, moving from 2000 trades a day five years ago to a current level of 20,000 trades a day, is a sign that OMX is becoming a leading global provider of market technology.