Why Market Infrastructure is Crucial to Global Trading Hours
Continuous trading hours are coming for more traditional exchanges. This white paper from Nasdaq Eqlipse Trading Head of Product Carl Slesser examines the drivers, the transition challenges and the technology required to support 23- and 24-hour models.
Transition to Continuous Trading Will Depend on Technology
The industry landscape is rapidly evolving as initiatives for 23- and 24-hour trading gain traction. To meet new and complex demands, market operators will need robust infrastructure, resilient technology and a modernization strategy that operationalizes change. If they can align these considerations, they stand to leverage their scale, expertise and regulatory relationships to help usher in the 24-hour era with efficiency, trust and integrity.
Nasdaq Eqlipse: Modernizing Capital Markets Technology
Carl Slesser discusses how the cloud-native Nasdaq Eqlipse platform supports faster development and deployment with reduced costs.
Pillars of Continuous Trading Hours
In this paper, Slesser walks through the key considerations to 24-hour trading across operations, technology and organizational management, including:
- Technology enablement: Harnessing cloud-native infrastructure to deliver low-latency, high-performance trading during extended hours.
- Operational resilience: Advanced risk management, infrastructure integrity and post-trade automation to manage new volumes and volatility.
- Infrastructure scalability: Building platforms to scale with modernized capabilities to innovate, go to market and upgrade seamlessly.
- Ecosystem coordination: Fostering collaboration among exchanges, regulators and technology partners while strengthening surveillance.
- Strategic alignment: Institutionalizing change management to secure stakeholder engagement and minimize participant disruptions.