Tadawul successfully implements market enhancements

Logo of Saudi Exchange Co. (Tadawul)

The Saudi Exchange (Tadawul) successfully implemented six new market enhancements as part of its ongoing initiative to improve trading infrastructure across the Saudi market.

The new infrastructure developments provide market participants with a number of enhanced trading services as well as enhancements to microstructural elements, to enhance the overall market efficiency and attractiveness, according to Tadawul website.

The new enhancements include normal trade removal for the main market, change in closing price calculation to mid-point for debt instruments and ETFs, cancelation of on disconnect orders, request for quotes (RFQ) service for negotiated deals, and drop copy. They also include other microstructural enhancements aimed at developing the debt market.

The enhancements will strengthen market infrastructure and efficiency, as well as boost trading as part of wider efforts to strengthen Tadawul's position as the investment gateway to the MENA region.