March 13, 2014
ERBIL-Hewlêr, Kurdistan region 'Iraq',— Erbil Stock Exchange (ESX) in Iraq's Kurdistan region has entered into an agreement with the KITS Company to implement data centers and associated network components.
The contract that was signed by Mr. Abdullah Abdulrahim, chairman of ESX and Mr. Rebaz, General Manager of KITS. Company Under the terms of the agreement KITS to provide Network Design, Data centers, IBM, hardware, Cisco systems and other supporting equipments for NASDAQ OMX, X-Stream trading platform. Plus, technical and maintenance support during and after the implementation process.
This project is in support of the deployment of Nasdaq's trading system X-STREAM which was adopted by the exchange. "X-STREAM is a robust trading engine and it is extremely important that we put in place a sophisticated infrastructure to ensure we have a trading environment at its best performance" Said Ahmed Zaki, ICT director at ESX.
"We are very pleased to be supporting ESX through our services and technology. Kurdistan is fast becoming a magnet for foreign investors as it begins a new dawn.
KURDISTAN’S capital market is one of the most important markets in the region, and we feel ESX is in an even stronger position to continue its strong growth and attract new foreign and domestic investors through operating our technology," said Rebaz Abu Bakr Rufaat, General Manager of KITS Company.
Erbil Stock Exchange Media Contact