Best Practices for Market Operator Modernization
Financial market infrastructures (FMIs) know they need to modernize amid a wave of innovation, competition and growth opportunities. But “How?” they modernize is the real question—and the answer lies in aligning technology strategy, business goals, people and processes.
A Structured Plan for Success
Business transformation can present FMIs with operational challenges, objections and resource constraints. To counter these blockers and drive successful modernization, market operators need to develop a thorough plan that carefully lays out strategic, execution and implementation objectives. In a new white paper from Nasdaq Financial Technology, we leverage our decades of market expertise to help guide FMIs through this process of crafting a modernization roadmap that identifies desired outcomes, engages key stakeholders and builds momentum for long-term success.
Introducing Nasdaq Eqlipse
Nasdaq's Magnus Haglind introduces Nasdaq Eqlipse, a comprehensive suite of marketplace technology solutions powering the complete trade lifecycle. In this video, Haglind explains how Nasdaq Eqlipse integrates Nasdaq's proven trading, clearing technology, CSD and intelligence solutions to enable market operators to adapt to changing market dynamics and future proof their operations.
Organizational Considerations
In this guide, we walk through the steps to building a business case and stakeholder consensus around modernization:
- Strategic vision: Successful modernization relies on visionary leadership and well-defined tactics that guide organizations through complex transformations and investment decisions.
- Stakeholder engagement: FMIs must balance talent workforce, board members, regulator and clients relationships to achieve benefits for their entire market ecosystems.
- Technology-driven: Modernized solutions simplify complexity, driving operational efficiency through cloud enablement, data management, microservices and continuous innovation.
- Collaboration and learning: FMIs can consider partnerships and industry collaboration to extend their capacity and capabilities to enact robust modernization.