QSE unveils new trading system

3 min read
QSE is now able to offer a broader range of investment opportunities to its stakeholders. (QNA)
  • The new platform aligns with the advanced financial market technologies deployed by exchanges like London Stock Exchange Group
  • A multi-asset, multi-market, trading platform, it will provide wide support a range of asset classes including equity, fixed income, and derivatives

Doha, Qatar–Qatar Stock Exchange (QSE) has unveiled a new trading platform built on the same advanced technology used by many global capital markets, as part of its plan to transforming Doha into a leading investment hub in the region.

The new trading platform provides innovative, robust, and scalable solutions that align with the advanced financial market technologies utilized by London Stock Exchange Group (LSEG).

These technologies encompass trading services, market data, data analytics, and market surveillance. All these solutions operate on a unified framework, sharing the same technological infrastructure, data architecture, and software engineering methodology.

This achievement represents a significant leap forward in developing the QSE by establishing the foundations to achieve international recognition in accordance with the best practices and global standards.

The launch of the new advanced trading platform aligns with the strategic vision of Qatar, which aims to develop the Qatari financial market and achieve investment diversification.

Acting CEO of QSE, Abdulaziz Nasser Al Emadi expressed his deep satisfaction with this important step and described it as a cornerstone in QSEs development strategy to assume a prominent position among the world’s advanced exchanges, in line with Qatar’s ambitious economic plans.

Al Emadi also expressed his welcome to the successful launch of the new trading system in collaboration with partners.

He stated that it plays a vital role in enhancing market confidence, elevating the performance of available investment services and products, and improving the level of trading surveillance, which helps attract a diverse investor base and provides a trading platform capable of accommodating new investment instruments, including derivatives markets.

He added that both issuers and investors will benefit from the speed, efficiency, and accuracy of the technologies employed in the new trading platform.

The QSE is working towards enhancing its liquidity by strengthening the maturity and development of our financial markets, thereby supporting Qatar’s strategy to diversify the national economy.

This includes providing market participants and investors with a wide range of investment opportunities, enabling them to access new and diverse financial instruments to manage risks and capitalize on market movements, Al Emadi added.

Global Head of Cross-Asset and Market Infrastructure, London Stock Exchange Group, John Walker-Robertson said: “We are proud to collaborate with the Qatar Stock Exchange to successfully implement our state-of-the-art and innovative trading infrastructure. The new infrastructure leverages industry-standard FIX messaging and offers a wide range of features aligned to global best practices and standards.”

It offers a range of capabilities, including the provision of services to the derivatives market and facilitating Initial Public Offerings (IPOs). With these added functionalities, QSE is now able to offer a broader range of investment opportunities to its stakeholders.

The new trading platform is a multi-asset, multi-market, trading platform designed for resiliency, high performance, and ultra-low latency.

The new trading solutions offer out-of-the-box trading solutions for equity, fixed-income, and derivative instruments on a single robust platform that meets standard trading requirements off-the-shelf, leading to reduced time-to-market and lower implementation risk.

It provides extensive support for a multitude of asset classes including equity, fixed income, and derivatives. It also supports market maker protection and monitoring combined with a highly deterministic latency profile to support high-frequency quoting.

The system features the deployment of a solution comprising of Millennium Exchange and Millennium Surveillance aimed at enhancing QSEs overall equity markets infrastructure capabilities. QSE would be able to meet Global best practices and standards, launch new services, and reach unparalleled levels of low latency, high throughput, and resiliency.

It uses industry standard FIX messaging and provides features such as real-time portfolio balance checks, new order types, multiple indices, surveillance alerts and market maker monitoring, as well as integrates with the Edaa and trading participants in the equities capital market.

LSEGs technologies are utilized by more than 25 exchanges and financial markets worldwide, including Johannesburg Stock Exchange, Singapore Exchange, and London Stock Exchange.