NYSE EURONEXT, ABU DHABI MARKET PLAN JOINT DEVELOPMENT

 

Posted March 18, 2008

 

NEW YORK – NYSE Euronext and Abu Dhabi Securities Market (ADSM) have reached an agreement to jointly develop and explore new opportunities in trading systems and other related technology, investor and issuer services, and investment products.

 

“This strategic alliance, which will create new growth opportunities to our mutual benefits, represents a significant step in bringing our capital markets closer together,” says Tom Healy, Director General of ADSM. “We see that, based on this agreement, receiving support and advice from NYSE Euronext will significantly enhance our systems operations, broaden our product offering, and assist our development of new businesses, thus supporting ADSM in becoming the premier financial market in the region.”

 

As part of this alliance, NYSE Euronext is to provide ADSM state-of-the-art information and market infrastructure systems and technology to host all financial instruments admitted to trading on ADSM by year-end 2008. In addition, NYSE Euronext and ADSM will explore the development of new ventures, including the implementation of ADSM’s derivatives market.

 

“We welcome this unique opportunity to work more closely with ADSM and are committed to the success of this strategic alliance, which is consistent with NYSE Euronext’s vision and strategic business objectives,” says Duncan L. Niederauer, Chief Executive Officer of NYSE Euronext.

 

“We look forward to actively participate in ADSM’s global ambitions, on the basis of our state-of-the-art technology and strong expertise in financial products and services,” adds Jean-François Théodore, Deputy Chief Executive Officer of NYSE Euronext.

 

   
     

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