The London Stock Exchange Group (LSEG) has entered into an agreement to provide its trading, clearing, and market surveillance technology to Qatar Stock Exchange (QSE).
According to the statement, the new platform will replace QSE’s existing trading and market surveillance systems. Further, it will enable QSE to expand into derivatives trading in the future.
The QSE will be powered by the same technology used by the LSEG. The new QSE solution will be based upon LSEG’s financial markets product suite, a robust, scalable, and high-performance technology offering, which includes trading, market data, data analytics, and market surveillance.
“Utilising a common foundation, all products adhere to a unified architecture and share the same technology framework, data constructs, and software engineering methodology,” as per the statement.
At the completion of this project, QSE will have a proven technology solution, offering high performance, low latency matching, and a powerful market surveillance solution including market data visualization and analytics, the LSEG said.
Mr. Tamim Hamad Al Kawari, CEO at QSE commented that, “QSE is looking forward to working with LSEG to provide us with industry-leading resilience, performance, and business capabilities. The implementation of this technology will enable QSE and its customers to pave the way for QSE to become the leading financial markets innovator in the region.”
QSE IT Director Ms. Aisha Al Mahmoud noted that “the launch of the new trading system will be a great milestone for QSE. It enables us to deliver even greater value as well as offer new products and services to a whole new range of potential clients and participants in the derivative and equity capital markets arena.”
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