Oman, 26 April 2005- Muscat Securities Market and AtosEuronext signed an agreement to modernize the information system of the Oman stock exchange. This agreement concerns three cutting-edge AtosEuronext solutions:
- NSC: an electronic trading system based on the European Market Model and used by world-class stock exchanges in Europe, America and Asia
- ARAMIS: a real-time financial market supervision tool which provides alerts and becomes an efficient power of dissuasion
- PAM: a market-access workstation that allows traders to view market information and send and manage financial exchange orders.
The Muscat Securities Market (MSM) was created in 1989 to be the stock exchange of the Sultanate of Oman. MSM now has more than 140 listed companies and 16 brokerage companies . MSM decided to renew its systems due to energetic business growth, and in anticipation of market demand, is aligning itself with international standards.
Mr Ahmad Salih Al Marhoon Director General of MSM commented that :
"These solutions selected by MSM are all developed by AtosEuronext, a successful joint venture between Atos Origin and Euronext. AtosEuronext provides a secure real-time service that has already proved its worth in more than 17 other financial markets on 4 continents. Implementation of the trading system is planned for December 2005."
Dominique Brutin, the CEO of AtosEuronext, explained his strategy: "AtosEuronext is already a partner of the Jordanian and Lebanese financial exchanges as well as DIFX in Dubai. With the Oman stock exchange, we reinforce our presence in the Middle East and plan to offer our solutions to other financial marketplaces in the region."