SunGard has joined the Dubai Financial Market (DFM) Vendor Registration Program, which regulates the provision of order management systems (OMS) and online trading solutions to DFM-licensed brokerage firms. The new registration service for technology vendors is designed to improve the quality of the market connectivity solutions offered to brokers and their investor clients.
The service is aimed at further enhancing excellence in information technology in line with the Dubai Smart City initiative announced by Sheikh Mohammed Bin Rashid Al Maktoum, UAE vice president, prime minister and ruler of Dubai.
The Dubai Smart City initiative is a new project to turn Dubai into a “Smart City” and features six key pillars and 100 initiatives on transport, communications, infrastructure, electricity, economic services and urban planning.
SunGard already offers access to a number of stock exchanges in the Middle East, covering multiple asset classes and delivering advanced trading functionalities together with integrated market data feeds. The independent software vendor (ISV) partnership with DFM will enable SunGard to offer its customers a single, integrated platform, while directly participating in the exchange environment as a stakeholder.
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