End of Summer 2019 Market Technology Update
Executive Vice President, Market Technology
I hope that you’ve had a successful first half of the year.
In our tech business, we have had an incredibly busy start to the year in working to integrate the Cinnober business and also welcome our Cinnober colleagues. We are grateful for the fruitful conversations we have had with many of you as we’ve worked through the transition, and are excited about the opportunities we jointly see in the powerful combination of our market technology experts as we execute against our Nasdaq Financial Framework roadmap. Together we are an even stronger technology partner, with a team perfectly positioned to meet your needs as you address legacy modernization and adoption of new technologies.
During the spring, we have also welcomed new clients Caja de Valores de Argentina, Jamaica Stock Exchange, Football Index, and our fourth broker trading platform client, while celebrating several significant go-lives such as the Johannesburg Stock Exchange’s new clearing system and Singapore Exchange’s implementation of the Nasdaq Financial Framework for its new equity trading platform. We have a number of projects in flight for 2019 and we look forward to sharing more as these projects complete.
On the product side, I am proud that we have introduced our new cloud-native matching service that enables trading in a wide variety of securities and tokenized assets. The cloud matching service empowers easy asset creation, with ability to spin up new marketplaces in short timeframes. As a testament to this, we have recently signed an agreement with the Football Index who we expect to go live in the coming quarter!
I look forward to seeing some of you at our upcoming Surveillance Conference in Paris, if not at the WFE in Singapore.
EVP, Head of Market Technology
Nasdaq to Deliver Post-Trade Technology to Caja de Valores, Argentina
We selected Nasdaq due to its state of the art technology as well as the knowledge and expertise of its teams. We truly believe we have found a partner to help us execute on our mission of growing the Argentine capital market.Ernesto Allaria, Chairman, BYMA and Caja de Valores See press release
JSE launches new clearing platform from Nasdaq
The launch of our new clearing platform is an important milestone in our aim to align ourselves with global best practices using a state of the art, multi-product technology solution. Technology has become vital for clearinghouses in offering services that stand up to market participants’ and regulators’ demands on robust risk management, transparency and efficiency.Nicky Newton-King, CEO, JSE See press release
Cloud Matching Service
The concept of what a market is has radically evolved over the past few years, something that Nasdaq as an operator and builder of markets has played an important part of first-hand.Paul McKeown, SVP & Head of Marketplace Operators & New Markets, Nasdaq Download Factsheet
Nasdaq Moves Further Into New Markets With New Football Index Deal
Nasdaq is a legendary brand. We're very proud and excited to work with them to provide our order matching service, which is the powerhouse of any exchange.Adam Cole, Founder and CEO, Football Index See press release
SGX now operating on Nasdaq Financial Framework
With this upgrade, SGX has standardized the API messages for both cash and derivatives products of our Equities business, bringing connectivity and maintainability convenience to our customers’ Order Management Systems. With a more robust and efficient platform, we are also able to enhance our market offerings to our customers.Vincent Low, Head of Software Delivery and Integration, SGX See press release