DFM gets new trading platform from NASDAQ.Byline: news@cpifinancial.net (Staff Writer) The NASDAQ OMX Group NASDAQ OMX Group is the tentative name for the combined entity resulting from the pending merger of The NASDAQ Stock Market, Inc. and OMX AB. Its headquarters will be located in New York. said that the Dubai Financial Market (DFM DFM Design for Manufacturing (newsletter) DFM Design for Manufacturability DFM Dubai Financial Market DFM Delphi Form (computer filename extension) DFM Distinguished Flying Medal DFM Diesel Fuel Marine ) has successfully completed migration to its new trading platform from NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OMX. DFM's system launch, which took place on 29 October "received immediate positive acknowledgement from participating members and the investing public," a press release said. The trading platform from NASDAQ OMX replaces DFM's previous system, also from NASDAQ OMX, and is designed to create a more efficient marketplace and trading experience for DFM members. The system enables trading of cash equities with potential for derivatives products. NASDAQ OMX has eleven customers in the Middle East region and earlier this year opened a regional office in Dubai driving new business endeavours and supporting existing customers in the Middle East, Africa and South Asia region. At the same time, NASDAQ OMX Stockholm, has started trading in two new exchange traded funds (ETFs), XACT XACT Xante's Accurate Calibration Technology XACT X Automatic Code Translation XACT Cross Platform Audio Creation Tool Bull 2 and XACT Bear 2. XACT Bull 2 and XACT Bear 2 are leveraged exchange traded funds that offer twice the return of the daily change in the underlying OMXS30 index. Hence, for XACT Bull 2, which has a positive exposure against OMXS30, a daily index increase of one per cent means an increase in value of two per cent. For XACT Bear 2, which has a negative exposure against OMXS30, a one per cent a daily index decrease generates a two per cent value return. The leverage increases the potential return but also the risk level. 2009 CPI Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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