Palestine Stock Exchange Launches Its Fully Integrated Electronic System

SadaNews Economy - The Palestine Stock Exchange announced today the launch of its fully integrated electronic system, marking a qualitative step towards establishing a completely new infrastructure for the Palestinian financial market.

This system includes all electronic operating systems for the financial sector, which are the trading system developed by (Nasdaq), the central depository and transfer system developed by (Avenir), the trading operations management system developed by (Manaf), in addition to the disclosures platform and company employee management system (aDTP). Additionally, a completely new website developed by (Tritecs) with a modern and user-friendly interface has been launched. 

The launch of this system comes in cooperation with the world's leading developers in financial market technology, with extensive experience in many of the world's major exchanges, which include trading financial instruments and providing services to investors and stakeholders in publicly listed companies, aligning with the strategic plans of the Palestine Stock Exchange to meet present and future market needs.

In her remarks during the launch event, which was sponsored by the Capital Market Authority at its headquarters, the chairwoman of the board of the Palestine Stock Exchange, Ms. Rola Shanab, said: "We are keen to enhance the confidence of investors and shareholders in the Palestinian financial market, and we have placed this goal at the top of our priorities by updating and developing the digital infrastructure in line with the latest international standards in financial markets. We also invest, keep pace, and develop to compete with regional and global markets with an annual return exceeding 6%, reflecting the robustness of our market in all its components." She called on local and foreign investors to invest in Palestine, which has proven to be a stable and attractive environment capable of achieving significant returns.

She praised the efforts made by the technical team at the Palestine Stock Exchange in collaboration with partners at the Capital Market Authority, brokerage firms, and listed companies, as well as what the development companies provided to complete the upgrade of the electronic exchange systems, which have indeed moved to operate in a productive environment after long development and follow-up processes.

For his part, the chairman of the board of the Capital Market Authority, Mr. Ammar Al-Akker, stated that we, in the non-banking financial sector, stand at the threshold of a rapid technological revolution, where keeping pace with development is no longer an option but a necessity to ensure the continuity and effectiveness of our financial market. He added that the launch of the new systems represents a practical application of technological development and an enhancement of the performance of the financial market, laying a solid foundation for the future operational infrastructure of the exchange. Al-Akker further stated that this aligns with the Authority's vision to develop the financial market in terms of providing a modern and efficient trading environment, an integrated environment for depository, custody, and settlement operations, and a supportive platform for disclosure processes.