Tunis Stock Exchange has successfully implemented the latest version of its NSC electronic platform, NSC V900, for equities trading, developed by Atos Euronext Market Solutions (AEMS).
As a NYSE Euronext partner, the Tunis Stock Exchange has used the NSC platform since 1996 when it became the first user of NSC Unix. This latest upgrade sees the exchange move to a Linux operating platform and will result in a significant improvement of system performance, particularly in relation to response times which will be reduced to an average of less than 1 millisecond.
The new platform will allow brokers to implement their own order management systems and connect them to the exchange using internationally accepted standards such as FIX and MMTP. This will enable brokers to offer online trading services to their customers for the first time.
“We have ambitious plans to develop new markets, improve liquidity, broaden the range of products offered to investors and issuers, and increase the capital market share in financing the economy. The NSC platform has consistently delivered over the last decade and I am confident that this latest upgrade will allow us to build on our reputation as a pioneer in advanced market technology adoption,” says Mr Youssef Kortobi, chairman, Tunis Stock Exchange.
“I am delighted that the Tunis Stock Exchange has chosen to continue its long standing relationship with NYSE Euronext by choosing the latest NSC upgrade, NSC V900. Its open architecture and increased speed is perfectly suited to an exchange which is looking swiftly to grow its market share and product range,” adds Stanley Young, CEO, AEMS.