Trading and Matching Technology
Provides flexible, multi-asset trading capabilities for marketplaces of all sizes
This Solution Helps
Fulfill tomorrow's trading requirements, today.
Nasdaq’s trading and matching engine technology provides marketplaces and execution venues of all sizes with reliable, comprehensive, multi-asset capabilities to keep pace with ever-changing market requirements. Built upon the Nasdaq Financial Framework (NFF), marketplaces can manage the full range of trading functions – from price formation through order matching – in a single solution with robust functionality supporting trading in any asset, anytime, anywhere.
Road-tested under the most demanding market conditions and built upon our renowned INET messaging system, Nasdaq's trading and matching engine software continually raises the bar in performance. The technology features among the lowest latency in the industry at sub-40 μSec, with our fastest implementation at 14 μSec latency door-to-door. The solution operates in a proven, resilient infrastructure featuring a high degree of system uptime, availability and seamless failover, keeping you up and running even under the most intense market conditions. And, with an agile, modular infrastructure built for change, you can easily scale up and scale out as your marketplace evolves or expand into new asset classes and offer additional services.
A matching engine for all asset classes, from equities to exotic derivatives to digital assets, and market models. Offers specialized functionality for derivatives and hybrid models, as well as matching with flexible attributes.
Extensive order book functionality supports a wide array of order types combined with ultra-low door-to-door latency and high availability in a proven, resilient environment.
Scalable for marketplaces of all sizes
Supports marketplaces from big to small, and simple to complex, easily scaling as you add more volume, asset classes or marketplaces to your matching engine.
Leverages industry standard connectivity protocols and APIs for FIX, ITCH and OUCH and an easy-to-use trading workstation to improve member onboarding and system integration
Robust regulatory framework
Adopts best-in-class international practices within a robust regulatory framework, based upon knowledge and experience of running Nasdaq markets and marketplaces in 50+ countries
Cloud-optimized matching is available to support B2B, B2C and C2C trading models in a 24x7x365 environment with dynamic scaling for order size and trading volumes.
Two Key Factors That Will Determine the Trajectory for Market Infrastructure Operators
How can Nasdaq's matching engine software take your marketplace to the next level?
Reduce the cost and complexity of your trading operations
Utilize a single platform for all of your market needs – across asset classes, currencies and geographies.
Capitalize on opportunities early and launch new markets quickly
Rapidly respond to new market opportunities with an adaptable and flexible infrastructure. Rapidly implement new marketplaces with robust multi-matching engine capabilities that enable use of multiple engines on a single platform.
Preserve your ecosystem — future-proof your infrastructure
Nasdaq's matching engine software seamlessly integrates with other Nasdaq business applications as well as custom-built or third-party business functionality and solutions.
Reduce operational risk
Reduce operational risk across multiple points with a unified operational core powering all business applications, and a proven track record with high availability, resiliency and uptime in demanding market conditions.
Deliver trading projects on time and on budget
Use Nasdaq's delivery and advisory services to ensure that your systems are delivered on time and on budget utilizing a proven delivery methodology that has been applied with 130+ customers globally.
Develop a true partner in Nasdaq
Benefit from Nasdaq's continuous R&D investments in emerging technology to ensure your systems are always on pace, while also knowing that a deep balance sheet and stable financial performance ensure that your technology investment remains safe and secure well into the future.
"There are no boundaries that are beyond the JSE, as the organization continues to explore the use of technology that Nasdaq provides to ensure that our shareholders value are maximized and the confidence of the market remains high."
• Competitive advantage
• Compliance with market integrity rules
• Customer experience
Nasdaq Technology Ecosystem: Customer Stories
CIO Market Infrastructure Survey 2021
Nasdaq Decodes: Tech Trends 2021 View Nasdaq Decodes: Tech Trends 2021
Nasdaq Decodes: Tech Trends 2020 View Nasdaq Decodes: Tech Trends 2020
Nasdaq Decodes: Tech Trends 2019
CIO Priorities in Capital Markets Infrastructure
Nasdaq Trading Matching Technology Wins FOW Solution of 2022 Award View Nasdaq Trading Matching Technology Wins FOW Solution of 2022 Award
Risk Markets Technology Awards Winner 2019 View Risk Markets Technology Awards Winner 2019