Ramallah: The Palestine Exchange (PEX) has announced the launch of a fully integrated electronic system, marking a significant advancement in the modernization of the Palestinian capital market's infrastructure.
According to Palestine News and Information Agency - WAFA, this cutting-edge system integrates all electronic operating platforms within the sector. This includes the Nasdaq-developed trading system, the Central Depository and Settlement System (CDS) by Avenir, and the Order Management System (OMS) by Manaf. Additionally, the aDTP platform for disclosures and employee management, along with a newly designed corporate website with a modern interface by Tritecs, are part of this comprehensive system.
The Exchange has prioritized selecting advanced systems from globally recognized developers with experience in serving leading stock exchanges. These technologies aim to provide innovative services to investors and public shareholding companies, aligning PEX with its strategic vision to introduce new financial instruments and services.
During the launch ceremony held under the patronage of the Palestine Capital Market Authority in Ramallah, Rula Shunnar, Chairperson of the PEX Board of Directors, emphasized the commitment to enhancing investor and shareholder confidence by modernizing the digital infrastructure to meet global capital-market standards.
Shunnar highlighted the Exchange's dedication to competing with regional and international markets, achieving an annual return exceeding 6%. She encouraged local and foreign investors to invest in Palestine, citing its stable and attractive investment environment capable of delivering substantial returns.
Shunnar also commended the efforts of the Palestine Capital Market Authority and the collaboration with brokers and listed companies in achieving this national milestone, which represents a qualitative leap in the technological and regulatory development of the Palestinian capital market.
Ammar Al-Aker, Chairman of the Palestine Capital Market Authority, remarked that embracing technological evolution is crucial for the non-banking financial sector's continuity and effectiveness. He noted that the new systems enhance market performance and lay a solid foundation for the Exchange's future operations.
Al-Aker further stated that this initiative aligns with the PCMA's vision of developing a modern and efficient financial market ecosystem, including depository, custodial, and settlement operations, and supporting disclosure processes.
