Nasdaq Financial Framework for Markets Includes Blockchain
Nasdaq, a global provider of trading, clearing, exchange technology, listing, information and public company services, will launch a harmonized framework to provide solutions including blockchain to providers of financial infrastructures. Nasdaq will make its Nasdaq Financial Framework available to its 100-plus operator clients worldwide, which include exchanges, clearing houses, central securities depositories, alternative trading venues and interbroker dealers. Nasdaq has integrated the framework across all of its business units. The framework includes a single operational core tying....
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Nasdaq has opened up its blockchain services to more than 100 of its market operator clients around the world as part of its newly unveiled Nasdaq Financial Framework. Announced today, the framework is designed to provide end-to-end solutions to Nasdaq's financial infrastructure clients around the world including traditional exchanges. The new financial infrastructure hub could pave the way for those exchanges and others to start using blockchain technology in a wide range of unnamed services. Nasdaq’s executive vice president and head of market technology, Lars Ottersgård, said in a....
New York-based blockchain advocacy group the Wall Street Blockchain Alliance (WSBA) recently announced the unveiling of the WSBA Certification Framework (WCF) in partnership with Positrust LLC, a blockchain technology company. Speaking to Bitcoin Magazine, WSBA Chairman Ron Quaranta said that the WCF will serve as a platform to educate and increase the availability of distributed ledger technology (DLT) or blockchain expertise and talent in financial markets. “The WCF will serve as an educational platform to expand blockchain knowledge within financial markets, across all segments of....
On May 11, the leading stock exchange Nasdaq announced that it would begin experimenting with the blockchain technology that powers Bitcoin. The Wall Street Journal reported that Nasdaq will start with a pilot project in Nasdaq Private Market, a recently launched marketplace that handles pre-IPO trading among private companies. "Utilizing the blockchain is a natural digital evolution for managing physical securities," said Nasdaq CEO Bob Greifeld in the announcement. Speaking with The Financial Times, Greifeld noted that he wants Nasdaq to be "a leader in the field." He added that the....
Nasdaq formally debuted its blockchain product, Nasdaq Linq, last month at the Money20/20 conference in Las Vegas, the launch coming nearly six months after Nasdaq announced it would be the first major global stock exchange to publicly trial blockchain technology. The wait may be worth it. Linq is the first platform from an established financial services firm to demonstrate how asset trading could be managed digitally through the use of blockchain-based platforms. It's a management tool for shares in private companies, and it's part of Nasdaq Private Market, the exchange's suite of....
As NASDAQ is gearing up to become the first exchange operator to utilize blockchain technology by the end of this year, a newly published report by financial industry consulting firm Greenwich Associates suggests that the tech-exchange might just be setting a trend. The consulting firm predicts that blockchain technology is coming to the financial markets in a big way. In order to get an idea of the level of awareness and understanding of blockchain and blockchain-like technologies, Greenwich interviewed 102 institutional financial professionals over the past couple of months. Nearly all....