Nasdaq Eqlipse Trading for Alternative Trading Systems
Outsource operations of your Alternative Trading System (ATS), focus on growing your market.
Nasdaq Eqlipse Trading
Trading infrastructure technology requires continuous investment to remain competitive. With Nasdaq Eqlipse Trading, also known as Ocean, ATS operators can leverage our battle-tested technology and services to focus on differentiation rather than on upkeep of operations and keeping pace with functional updates and regulatory changes.
The Nasdaq Eqlipse Trading is offered as a fully managed service enabling complete outsourcing of ATS infrastructure and operations, including low-latency order matching, market data management, trade surveillance, and regulatory reporting, currently used to run some of the biggest internal marketplaces in the U.S. Benefit from Nasdaq’s expertise and scale to manage your internal marketplaces successfully and cost-efficiently.
Operating Your Alternative Trading System with Nasdaq
Take Control of Your Order Flow
Consolidate order flow and provide customers with deterministic, ultra-low latency.
Reduce Total Cost of Ownership
Benefit from Nasdaq’s market operating experience and technological scale to effectively manage internal marketplaces, and further reduce expenses.
Regulatory Compliance
Outsource hosting and operations to offload your regulatory burden and benefit from an independent point of verification.
Resource Optimization
Nasdaq Eqlipse Trading allows ATS operators to better capitalize on scarce resources and focus on their value proposition and customer relationships.
Alternative Trading Systems
Low Latency, High Predictability
At the core of the service is Nasdaq’s powerful ultra-low latency matching engine, connected to all US equities trading venues and SIP feeds, with infrastructure optimized to provide uniform, low latency across participants.
Sophisticated Order Management
Comprehensive order functionality supporting operator-defined customization and optimized execution performance across multiple client profiles, including segmentation logic and conditional orders.
Regulatory Compliance
Complies with relevant U.S. regulatory mandates and provides required regulatory controls and reporting.
Trade Surveillance
Nasdaq’s sophisticated Trade Surveillance technology, with support services, facilitate efficient monitoring and identification of market abuse and manipulation.
Risk Management
Sophisticated measures and alerts protect the market and its participants from trading risks.
Easy Access
Standardized, user-friendly APIs and graphical user interfaces provide ease of access to services for the operator and its clients.
Fully Managed Service
Takes on the heavy lifting of setting up and maintaining the infrastructure including professional production and support services.
Future Proofed
Benefit from our continuous product development keeping the service up to date with regulatory and technological advances.
Nasdaq Tech Spotlight with Purestream
In the latest Nasdaq Tech Spotlight, we highlight how PureStream is working to solve one of the biggest issues in institutional trading. PureStream Chief Executive Officer Armando Diaz shares how PureStream leverages Nasdaq technology to enable institutional investors to search, find, and yield more liquidity.