In 2009, NYSE Euronext, the transatlantic exchange that also owns the New York stock exchange took a stake in the Qatar Exchange as part of a strategic agreement to transfer knowledge and develop the local exchange. NYSE Euronext holds an 88-percent stake in the Doha-based bourse, while the remaining 12-percent stake is held by Qatar Holding, the investment arm of the Gulf Arab state’s sovereign wealth fund. As the first step towards technology transfer, the existing trading engine of the Qatar Exchange was replaced with UTP, the same trading engine that powers NYSE. In tandem, Qatar Exchange wanted to revamp its existing website that suffered from
several critical shortcomings and wanted to bring its web presence to the same standards as that of NYSE both in user experience and range of functionality.
Techlogix successfully revamped the existing website – significantly improved the user experience it provided, enhanced functionality by providing interactive stock charts, better content search facility and investor portfolio management, and built real-time interfaces to the UTP trading engine and other back-end systems. The new site has resulted in reaching out to a wider investor base used to interacting with similar state-of-the-art systems in North America and Europe.