“Muscat Securities Market successfully migrates to Atos Euronext Market Solutions’ exchange and trading solution NSC®”
Muscat, Paris, 6 February 2006
Muscat Securities Market (MSM) today announced that it has successfully migrated to the Atos Euronext Market Solutions (AEMS) exchange and trading solution NSC®.
“The implementation of NSC® allows the MSM to pursue its long-term goals of attracting new liquidity, increasing our volumes, enabling multiple markets, and expanding our product range. This world-class AEMS solution, delivered on time and on budget, ultimately improves the MSM's strategic position not only within the Middle East, but internationally as well,” said Ahmed Saleh Al-Marhoon, Director General, MSM.
The NSC® solution is one of the flagship products from AEMS currently live with 14 exchanges including Euronext and in the pipeline with an additional 3 exchanges. This solution supports both equities and derivatives trading. The MSM implementation of NSC® is complemented by AEMS' ARAMIS market surveillance system and the PAM broker front-end. The NSC® solution modules were customized within the nine month rollout period to fit specific needs unique to both the Muscat market and Middle Eastern trading. MSM members will now have the benefits of an efficient and highly transparent trading environment which meets their requirements for growth and alignment with international trading standards.
John Oddie, Global Head, Exchange Business Unit at AEMS said, “We are thrilled at the opportunity we've been given by the MSM to help them realize their strategy and optimize their service to their clients. Our partnership with Muscat represents the fifth securities exchange in the Middle East to migrate to AEMS products. AEMS has unrivalled experience in the region, and we are committed to contribute to the further growth of the Middle Eastern marketplace following our recent implementation of NSC® for the DIFX.”
About Muscat Securities Market (MSM):
Muscat Securities Market, which commenced operations on May 20, 1989, is regarded as one of the most progressive, best-regulated and transparent stock markets in the Middle East region. In terms of development, MSM has achieved several milestones compared with other stock markets in the region. MSM has 140 listed companies. http://www.msm.gov.om/
About Atos Euronext Market Solutions (AEMS):
Atos Euronext Market Solutions (AEMS) is the world's largest provider of IT solutions for exchanges, clearing houses, banks and intermediaries. AEMS was formed in July 2005 from a 50:50 joint venture between Euronext and Atos Origin, bringing together the assets, people and technology from within those organizations which were focused on providing technology for financial services industry. AEMS employs approximately 1300 industry experts around the world and has live sites in 16 countries, with two major centres of excellence in London and Paris. AEMS is structured around three main client-focused business units – Exchange, Capital Markets, and Clearing and Settlement. These three business units are each underpinned by the Global Managed Services teams.
For more information, please contact:
Muscat Securities Market (MSM)
Sulaiman Mohd Al-Rashdi
Deputy Director General
Tel: +968 2 481 2607
Atos Euronext Market Solutions (AEMS)
Global Head, Exchange Business Unit
Tel: +44 (0) 207 379 2605