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Nasdaq Eqlipse Trading for Exchanges

Operate your marketplace on a proven platform that facilitates dynamic scaling and agile business development.

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Trading Technology Powering Exchanges Globally

Nasdaq Eqlipse Trading enables marketplaces to offer efficient, fair, and resilient trading in a wide range of asset classes and instrument types. 

Its proven performance, combined with flexible deployment and service options and a range of available add-on services, allows markets to keep pace with ever-changing market requirements and capitalize on new opportunities as they arise.

Developed Out of Unparalleled Market Expertise

Nasdaq operates leading securities markets in the United States and Europe and is the technology partner to 130+ market infrastructure operators globally. Our deep understanding of the needs and requirements of market operators today, and as they evolve, is embedded in our solutions and the base for our continuous product investments and roadmaps.

Comprehensive Product Support Beyond the Trade

Nasdaq Eqlipse Trading supports the full range of trading functions from price formation through order matching in any asset, anytime, and anywhere. In addition, our broader portfolio of interoperable marketplace technology solutions enables seamless integration with pre- and post-trade risk technology, market surveillance, and other critical services surrounding the trade.

Flexible Deployment and Service Options

We offer multiple service and deployment options to provide an optimized setup for each customer and enable controlled transitions to a modern and dynamic infrastructure leveraging cloud and edge computing. Our managed services and SaaS offering allow market operators to focus resources on value-adding activities rather than software and hardware maintenance.

nuam exchange is Building a Unique Capital Market in Chile, Peru and Colombia

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Exchange Trading Technology Features

Comprehensive Coverage

A matching engine for all asset classes — from equities, futures and options, bonds, foreign exchange, and commodities to exotic derivatives and digital assets. A wide range of market models and order types support order- and quote driven markets as well as request for quote, auctions, multi-parameter matching, complex trading strategies, and trade reporting.

Robust, High-Performance Matching

Optimize your market for ultra-low and consistent latency with maximum uptime. Road-tested under the most demanding market conditions with a track record of high availability, Nasdaq's matching engine continually raises the bar in performance. The technology features among the lowest latency in the industry at sub-40 μSec, with our fastest production implementation at 14 μSec latency door-to-door.

Scalable for Marketplaces of All Sizes

Supports marketplaces from small to big, horizontally scalable to manage growing transaction volumes, onboarding of new clients, and addition of new instruments and asset classes to your market without impact to latency.

Easy Onboarding

Facilitates efficient client onboarding and system integration with widely adopted interfaces based on global standards for order entry and market data, including FIX, ITCH, and OUCH, as well as a user-friendly trading user interface.

Robust Regulatory Frameworks

Adopts best-in-class international practices within a robust regulatory framework, risk protection mechanisms, and safeguards based on Nasdaq’s comprehensive experience of operating markets and delivering technology to marketplaces in 50+ countries.

Purpose-Built Cloud Services

Leverage the benefits of operating in the cloud, including elastic scalability, resilience, client connectivity, and economies of scale. Nasdaq’s trading technology can be deployed in public and private cloud environments to operate 24x7x365, as well as on-premise and with hybrid setups.

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Proven and In Use in Six Continents

Nasdaq's matching engine leverages our in-house knowledge of operating marketplaces in 10 countries, and the extensive experience of working with marketplaces of all shapes and sizes globally, from New York to Tokyo and many places in between.

70 Markets Globally are Powered by Nasdaq Trading Technology
JPX Case Study: Resilience for Today, Scalability for Tomorrow Learn how Nasdaq’s technology is powering trading, market surveillance, ETD and OTC clearing, risk- and collateral management at Japan Exchange Group (JPX). Read the JPX Case Study
Meeting End-to-End Investment Needs

Modernizing the Thai Capital Market

SET Case Study

Stock Exchange of Thailand

Learn how the Stock Exchange of Thailand (SET) modernized its core infrastructure across trading, pre-trade risk management, index, market surveillance and data management with Nasdaq technology to better serve international and domestic investors.

Case Study: Stock Exchange of Thailand
Customer Stories

Meet Our Customers

Nasdaq Tech Spotlight: Abu Dhabi Securities Exchange (ADX)
Abu Dhabi Securities Exchange (ADX) is transforming the region's capital markets by integrating advanced technology with Nasdaq, creating a more innovative and efficient investment experience for all.
Jan 09, 2026
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Market Infrastructure Insights

Nasdaq Pulse: Addressing Market Modernization
Magnus Haglind, Head of Products, Marketplace Technology discusses how rising capacity requirements, accelerating digitalization and the need for new products are emphasizing the case for technological transformation in capital markets infrastructure, and the foundational capabilities required to succeed.
May 04, 2023
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Latest News, Articles and Insights

How Nasdaq Helps

Complementary Offerings

Safeguard market integrity and expand your business with add-on services that integrate seamlessly with our trading technology.

Pre-Trade Risk Management

Safeguard market integrity by protecting your market against errant orders and ensuring that market participants trade within their limits.

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Index Calculations

Calculate and disseminate indices across different asset classes, currencies, sectors, and geographic regions.

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Digital Member Services

Optimize operational efficiency and customer experience with a digital service portal.

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Nasdaq Market Surveillance

Maintain fair, transparent, and safe markets with a robust platform to manage cross-market, cross-asset, multi-venue surveillance.

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