TDM Group, a distinguished provider of Global Managed Business IT Services, has played a pivotal role in the creation of ArqNeT, a transformative trading infrastructure, in close collaboration with Arqaam Capital. This innovative platform now empowers Arqaam Capital’s institutional clients to engage in faster, smarter, and more secure electronic trading across 50+ global exchanges.
The longstanding partnership between TDM Group and Arqaam Capital, a specialist in emerging markets and MENA financial services catering to DFSA regulated institutional clients, spans over 16 years. During this period, TDM Group has diligently worked to enhance Arqaam Capital’s technological prowess, aligning it with their vision of becoming the premier stock market trading conduit for the MENA region through digital transformation. The fruit of this collaboration is ArqNeT, a cutting-edge trading infrastructure.
TDM Group has played a fundamental role in the development of this transformative infrastructure, enabling institutional clients in Europe to execute trades in MENA markets with unprecedented speed through a centralised control mechanism.
TDM Group’s CEO, Tarek Meliti, elaborated on this collaborative journey, stating, “Arqaam Capital’s willingness to embrace change through digital transformation allowed us to work in partnership with them from both a business and technology perspective. We helped them to establish a technical strategy that aligned with their business goals. This provided the foundation for the development of a stable and compliant infrastructure that delivers rapid access to emerging market exchanges for major financial institutions in Europe.”
ArqNeT replaces existing third-party infrastructures for institutional clients, offering them secure and intelligent access via a centralised private network. This network efficiently directs trade messages to the relevant MENA exchanges, thereby enhancing trade performance by up to 75%.
Amr Elshamy, Managing Director and Head of Electronic Trading and Global Execution at Arqaam Capital, underscored the transformative impact of ArqNeT, stating, “ArqNeT has transformed Arqaam’s electronic trading platform into the leading destination for inbound MENA electronic order flow, providing best in class infrastructure, empowered by low latency and high resiliency, ensuring best execution for our clients.”
