Tuesday, 19 April 2011 at 11:46, Alrroya.com, Dubai
Qatar Telecom has signed a major agreement with Qatar Exchange and NYSE Euronext that will enable the extension of the Secure Financial Transaction Infrastructure (SFTI) network platform to Qatar. The deal will pave connection for financial participants in the US and Europe to the Qatar markets, the telecoms operator said.
Qtel will provide global connectivity, a complete disaster recovery solution, and network services to support the extension of SFTI to Qatar.
Qatar Exchange CEO Andre Went said, “Today’s implementation is another important step towards our long-term goal of establishing Qatar Exchange as a tier-one equity market. The stability and security provided by our world-class network solution will enable the introduction of SFTI in 2011, demonstrating the benefits of the strategic partnership between Qatar Holding and NYSE Euronext.”
By connecting QE and its market participants to SFTI, the important emerging marketplace of Qatar will join the global trading community and liquidity pools already connected to this high performance financial network.
Major US and European financial institutions including brokers, investment banks and investors are already connected to SFTI via access centres in Europe, Asia and the US, enabling them to quickly and easily access trading markets or offer their own value-added services.
The addition of Doha as a new SFTI destination is seen as part of Qatar's bid to become a centre for international finance in the Middle East.
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