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Nasdaq to power Kazakhstan's Nascent Stock Exchange, AIFC Exchange

Staff Writer | May 29, 2017
Nasdaq and Astana International Financial Centre JSC or AIFC announced a new, significant agreement for a new AIFC Exchange in Kazakhstan.
Stock exchange   Nasdaq has been selected
Nasdaq has been selected to power Kazakhstan's nascent stock exchange, the AIFC Exchange.

The exchange is targeted to launch in late-2017 and will initially trade equities and fixed income with other asset classes for future phases.

Under the deal, the Nasdaq Matching Engine will be implemented and go through several rigorous testing and acceptance stages before official deployment.

Nasdaq noted that its Machine Engine is the most widely-used matching engine in the world that combines extraordinary performance with extensive functionality to cost-effectively meet current and future business and performance requirements.