VOL. XLIV

No 42

15-October-2001

SAUDI ARABIA

SAMA Introduces NewElectronic Trading System

TheSaudi Arabian Monetary Agency (SAMA) on 6 October introduced a new electronicshare trading system Tadawul intended to increase access to and boostvolumes traded on the Saudi stock market. According to SAMA, the Tadawul systemprovides a continuous, order-driven market, with up-to-the-minute price, volumeand company information. Tadawul provides an efficient and short tradingcycle, real time settlement...