European market operator Euronext has signed a technology deal with four exchanges in the Middle East and North Africa, as it refocuses its market solutions strategy following its acquisition by IntercontinentalExchange.

The four exchanges, the Beirut Stock Exchange, the Amman Stock Exchange, Bourse des valeurs Mobilieres de Tunis, and the Muscat Securities Market - all former clients of Euronext - will now upgrade to its new universal trading platform, UTP Hybrid. The system is a multi-asset class, multi-currency, low latency trading platform.