“AtosEuronext to Provide Trading, Clearing and Settlement Systems to the Teheran Stock Exchange”
Teheran, 26 May 2005
The Tehran Stock Exchange and AtosEuronext have signed an Information Systems agreement whereby AtosEuronext will provide TSE with a full range of electronic marketplace solutions AtosEuronext, a leading international IT provider serving capital markets, has been selected by the Tehran Stock Exchange (TSE) to provide electronic trading, clearing, settlement, depository, registry and market control systems to facilitate TSE expansion.
Created in 1968, the Tehran Stock Exchange has been growing continuously since 1993. Today TSE lists more than 420 companies, for a total market capitalization of about $45 billion.
The agreement includes the licence, the implementation and the maintenance contracts for:
- NSC, the electronic trading system based on the European Market Model and used by world-class stock exchanges in Europe, America and Asia
- Aramis, the Market Supervision System
- SARA, the AtosEuronext G30-compliant solution for clearing, settlement and depository
- Trading workstations including online trading
Dr. Hossein Abdoh Tabrizi, Secretary General of the Tehran Stock Exchange (TSE) described the collaboration as follows: Our choice of AtosEuronext was influenced by its strong expertise in stock exchange market related technology. TSE, one of the most active Stock Markets in the region, is seeking to develop its international activities. We hope “AtosEuronext Marketplace Solutions” will pave that road.”
Dominique Brutin, CEO of AtosEuronext added: “AtosEuronext has a strong presence in the Middle East. Our products are customized to their particular requirements. We are pleased to be able to provide TSE with AtosEuronext marketplace solutions that are being used by leading stock exchanges around the world. We are confident that our solutions will strongly support TSE in its expansion.”
About Tehran Stock Exchange
The Tehran Stock Exchange, established in 1968, is one the most performing Stock Market in the region. Since the beginning of nineties, the Stock Exchange has expanded continuously. Today, with more than 420 listed companies and a total market capitalisation of more than $45 Billion, the TSE is one of the most attractive stock market in the region. The TSE recorded an average annual return on investment of more than 65% during the last 3 years.
AtosEuronext is a joint venture, established in 2000 between Euronext, the leading pan-European exchange, and Atos Origin, a leading IT Services company. The pooling of each of the founder's strengths created the leading European player in IT services for the Financial Services community, with 1,200 employees in Amsterdam, Brussels, London and Paris. AtosEuronext solutions are mainly dedicated to investment firms, exchanges & regulators, clearing houses & depositories, central banks, commercial banks & financial community networking. http://www.atoseuronext.net
For TSE: Farzin Behravan,
Director, International Affairs Dept.
Tel: +98 – 21 – 670 83 85
Fax: +98 – 21 – 671 01 11
Mob: +98 – 912 – 218 67 84
For AtosEuronext: Delphine Delsaux
Tel: +33 (0)1 73 03 03 46
Mob: +33 (0)6 10 16 59 05