The Electronic Securities Information System (ESIS) was
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...
's
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
until it was replaced by
Tadawul in 2001. ESIS was introduced in 1990 and administered by the
Saudi Arabian Monetary Agency (SAMA).
History
The electronic trading system is considered the second largest event in the history of the securities trading industry in the Kingdom after the decision to regulate trading in the market in 1984 and then bore the name (Electronic System for Stock Information), the implementation of the automated Saudi stock information system (ESIS) began gradually at the beginning of the second half of In 1990 AD, one of its most important effects on the market was that it abolished the
market segmentation
In marketing, market segmentation or customer segmentation is the process of dividing a consumer or business market into meaningful sub-groups of current or potential customers (or consumers) known as ''segments''. Its purpose is to identify pr ...
, and enabled the execution of dealers’ orders under clear and fair rules. It also provided accurate information about the prevailing offers and requests and the prices of previous deals, which contributed to improving the deal settlement mechanism. The system has been updated in Successive periods, the most recent of which was version No. (9), which entered into force in 1999, after that this system was replaced by the Tadawul system, which is still in operation.
[عبد الله بن سليمان الجريش، تداول الأسهم في السوق المالية: دراسة تأصيلية مقارنة، ص74، 2018م.]
See also
*
Tadawul
References
External links
Tadawul site
Economy of Saudi Arabia
Stock exchanges in Asia
{{Portal, Saudi Arabia