The Qatar Exchange, which is expected to switch over to a new trade engine UTP from September 5, will feature more order types to attract the global investing community in a big way, according to its top officials.
With the introduction of time-tested UTP (Universal Trading Platform), the bourse will see a 15-minute extended session until 12.45pm.
Hussein Muhammad al-Abdulla, sales and marketing director of QE, confirmed that the bourse has obtained the approval from the Qatar Financial Market Authority to introduce UTP, a multifaceted trading platform currently used by NYSE Euronext across Europe and the US.
“There will be more order types, which will appeal to international investors. The more the orders, the more is the liquidity, which is also better for the local investors,” COO Oliver Gueris, told an introductory seminar on the implementation of UTP last week.
Orders in the market are instructions from a customer to a broker to buy or sell. These orders also bring in revenue for the bourse and the fees would vary depending upon the order types.
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