Redefining Markets

    2023 Nasdaq Global Compliance Survey

    Role of the Exchange

    Shaping Markets Today and Tomorrow

    We’re paving the way forward by taking markets into the next generation

    Get In Touch

    Forging Modern Market Ecosystems

    Exchanges serve an evident role as the marketplaces of trusted trading and investment that drive high-quality liquidity, capital for companies, job creation and healthy, thriving economies. But beyond their core functions they also have a responsibility to protect investors, ensure integrity and promote transparency, as do post-trade institutions within the market ecosystem. 

    Our Vision

    These values inform how we operate Nasdaq markets across the globe. Coupled with our dedication to modernization through innovative technologies, it’s how we plan to power stronger economies and create more equitable growth opportunities in the future. Improving touchpoints along the trade lifecycle means modernizing market ecosystems with a holistic approach.

    Liquidity

    Capturing high-quality liquidity is central to the mission of our exchanges and something we’ve continually refined with technology that bolsters efficiency and enables innovation that attracts differentiated and new liquidity. We’re helping companies tap into deeper markets while also connecting participants with a wider world of possibilities.

    Capturing high-quality liquidity is central to the mission of our exchanges and something we’ve continually refined with technology that bolsters efficiency and enables innovation that attracts differentiated and new liquidity. We’re helping companies tap into deeper markets while also connecting participants with a wider world of possibilities.

    Fairness

    We see our role as an advocate for fair and efficient markets as inherent to being a market operator. That means both fulfilling our obligation to running fair and orderly markets as well as leading on market structure reforms to ensure the best results.

    We see our role as an advocate for fair and efficient markets as inherent to being a market operator. That means both fulfilling our obligation to running fair and orderly markets as well as leading on market structure reforms to ensure the best results.

    Access

    Advancing market access with our connectivity and co-location services provide seamless access to markets across the globe, enabling efficient trading and real-time market data for all participants. Our sophisticated infrastructure is capable of processing more than 1 million messages per second and our technology powers over 70 marketplaces in 50 developed and emerging countries, driving 1 in 10 of the world's securities transactions.

    Advancing market access with our connectivity and co-location services provide seamless access to markets across the globe, enabling efficient trading and real-time market data for all participants. Our sophisticated infrastructure is capable of processing more than 1 million messages per second and our technology powers over 70 marketplaces in 50 developed and emerging countries, driving 1 in 10 of the world's securities transactions.

    Risk Management

    We’re emphasizing the importance and availability of real-time insights to help manage intraday risks, while also working to improve the agility of institutions to protect clients with advanced modeling and analytics capabilities.

    We’re emphasizing the importance and availability of real-time insights to help manage intraday risks, while also working to improve the agility of institutions to protect clients with advanced modeling and analytics capabilities.

    Role of the Exchange

    We're at the Forefront of Shaping the Future of Markets

    Market Modernization Highlights
    Since the beginning, Nasdaq has been a pioneer working to advance markets for a better tomorrow. Through unparalleled technology and tools, we move global economies forward, fueling innovation and prosperity. Today we're already looking ahead and asking if what we do today can be better tomorrow?
    Oct 24, 2024
    1 / 6

    What Nasdaq is doing

    We’re at the forefront of capital markets modernization, leveraging cloud deployment, artificial intelligence and other technologies to drive innovation and strengthen our commitment to fair, transparent and efficient markets with enhanced liquidity. And we’re taking action to back up our vision for capital market modernization:

    Markets migrated to cloud

    Markets Migrated to the Cloud

    Our MRX options market was fully moved to the cloud in 2022, a pioneering migration. The Nasdaq Bond Exchange was next to follow in 2023 with the GEMX options market migration to the could completed in November of 2023, marking a significant step in modernizing the global financial ecosystem.

    Our MRX options market was fully moved to the cloud in 2022, a pioneering migration. The Nasdaq Bond Exchange was next to follow in 2023 with the GEMX options market migration to the could completed in November of 2023, marking a significant step in modernizing the global financial ecosystem.

    3410-Q23_Role-of-Exchange-Modernizing-Markets-Icon-2.png

    AI-Powered Order Type

    Received SEC approval for Dynamic MEL-O, the first exchange order type powered by AI. Dynamic M-ELO simultaneously enhances both liquidity and execution quality improvement outcomes, usually considered mutually exclusive, by applying an AI model with over 140 factors that adjusts dynamically to real-time market conditions.

    Received SEC approval for Dynamic MEL-O, the first exchange order type powered by AI. Dynamic M-ELO simultaneously enhances both liquidity and execution quality improvement outcomes, usually considered mutually exclusive, by applying an AI model with over 140 factors that adjusts dynamically to real-time market conditions.

    3410-Q23_Role-of-Exchange-Modernizing-Markets-Icon-3.png

    Trusted Fabric of Price Discovery

    Exchanges play a crucial role in establishing a trusted fabric of price discovery bringing together buyers and sellers at the end of each trading day through the Nasdaq Closing Cross, determining fair market value based on supply and demand that fosters transparency, liquidity, and efficiency. The Nasdaq Closing Cross, by executing billions of dollars, thousands of symbols, and millions of shares daily, contributes significantly to building trust among market participants.

    Exchanges play a crucial role in establishing a trusted fabric of price discovery bringing together buyers and sellers at the end of each trading day through the Nasdaq Closing Cross, determining fair market value based on supply and demand that fosters transparency, liquidity, and efficiency. The Nasdaq Closing Cross, by executing billions of dollars, thousands of symbols, and millions of shares daily, contributes significantly to building trust among market participants.

    3410-Q23_Role-of-Exchange-Modernizing-Markets-Icon-4B.png

    Nasdaq Market Structure & Policy

    Nasdaq Market Structure & Policy responds to the evolving financial landscape by pursuing advancements in market structure and regulatory advocacy that enhance the trading experience for all market participants. Emphasizing a methodical, data-backed approach to reforms that foster innovation, promotes market transparency, investor protections, and fair data access to shape the future of trading. 

    Nasdaq Market Structure & Policy responds to the evolving financial landscape by pursuing advancements in market structure and regulatory advocacy that enhance the trading experience for all market participants. Emphasizing a methodical, data-backed approach to reforms that foster innovation, promotes market transparency, investor protections, and fair data access to shape the future of trading. 

    Overhead buildings

    North American Markets & Trading Solutions

    From breaking barriers as the first electronic stock exchange, to regularly eclipsing records for average daily volume (ADV) share, Nasdaq's North American markets give trading industry participants access to diverse and transparent liquidity in the equity and equity derivatives markets.

    Learn More->

    From breaking barriers as the first electronic stock exchange, to regularly eclipsing records for average daily volume (ADV) share, Nasdaq's North American markets give trading industry participants access to diverse and transparent liquidity in the equity and equity derivatives markets.

    Learn More->
    Stockholm_

    European Financial Markets and Stock Exchanges

    Nasdaq owns and operates seven European stock exchanges in Stockholm, Denmark, Finland, Iceland, Estonia, Latvia and Lithuania, providing financial services and enabling investors to buy and trade securities. Explore our cutting-edge technology solutions tailored for European markets.

    Learn More->

    Nasdaq owns and operates seven European stock exchanges in Stockholm, Denmark, Finland, Iceland, Estonia, Latvia and Lithuania, providing financial services and enabling investors to buy and trade securities. Explore our cutting-edge technology solutions tailored for European markets.

    Learn More->

    2024 Outlook: State of Cloud Adoption at FMIs

    Based on lived experience in migrating three markets to the Cloud and on insights and observations gathered from delivering mission-critical market infrastructure solutions worldwide, Nasdaq has compiled a new viewpoint paper aimed at providing the 2024 Outlook for Cloud in Market Infrastructure.

    Based on lived experience in migrating three markets to the Cloud and on insights and observations gathered from delivering mission-critical market infrastructure solutions worldwide, Nasdaq has compiled a new viewpoint paper aimed at providing the 2024 Outlook for Cloud in Market Infrastructure.

    Nasdaq document cover image for State of Play - Cloud Adoption among Financial Market Infrastructures, 2024.

    Get Started with Nasdaq

    Get In Touch

    Get in touch to learn about Nasdaq's technologies are transforming markets. 

    Useful Resources

    Learn More About Nasdaq's Modernization Journey

    We’ve learned many lessons over our decades-long modernization journey and supporting next-gen markets that promote inclusive growth. We’re paving the way forward by taking markets into the next generation. Here are some educational and thought leadership resources that showcase our commitment to innovation and better capital markets for tomorrow.