Nasdaq to Power Digital Currency Marketplace for Noble Markets
March 24 2015 - 6:01AM
New institutional cryptocurrency marketplace will operate
X-stream trading technology
NEW YORK, March 24, 2015 (GLOBE NEWSWIRE) --
Nasdaq (Nasdaq:NDAQ) and Noble Markets, announced today that Noble
Markets will implement Nasdaq's X-stream trading technology for the
company's soon to be launched digital currency marketplace.
X-stream is the most widely used exchange trading technology in the
world, powering more than 30 marketplaces globally.
"Noble was founded on the principal of bringing
credible market structure and institutional trading expertise to
the cryptocurrency marketplace. All customers demand a fair and
orderly market, the best possible pricing and confidence trades
will be completed efficiently," said John Betts, CEO and Founder of
Noble Markets. "We are excited that Nasdaq shares our vision and
commitment to support the development of this ground-breaking
market. Our Marketplace, powered by X-stream, allows us to leverage
a proven and trusted venue that supports global trading worth
billions of dollars reliably, every day. We look forward to more
exciting announcements over the coming months."
Noble's marketplace platform will provide their
institutional market participants, liquidity providers and other
cryptocurrency and bitcoin exchanges the benefits of Nasdaq's low
latency, highly transparent marketplace for cryptocurrency trading
activity.
"As one of the world's leading providers of
technology to the capital markets, Nasdaq is dedicated to
discovering and supporting new and emerging technologies and
marketplaces," said Lars OttersgÄrd, Executive Vice President,
Market Technology, Nasdaq. "We are thrilled to work with the
experienced industry veterans at Noble Markets and look forward to
supporting their cutting-edge, new endeavor for the long-term in
addressing the needs of the digital currency space."
Nasdaq's exchange technology, including trading,
clearing, CSD and market surveillance systems, is in operation in
over 100 marketplaces across North and Latin America, Europe, Asia,
Australia, Africa and the Middle East.
The information contained above is provided for
informational and educational purposes only, and nothing contained
herein should be construed as investment advice, either on behalf
of a particular security or an overall investment strategy. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
About Nasdaq
Nasdaq
(Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across
six continents. Through its diverse portfolio of solutions, Nasdaq
enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,500 listed companies with a market
value of over $9.1 trillion and more than 10,000 corporate clients.
To learn more, visit http://nasdaq.com/ambition or
http://business.nasdaq.com.
About Noble
Markets
Noble Markets is a New York-based digital currency
marketplace and technology platform serving financial and
commercial institutions, professional traders and other exchanges
trading digital currencies and other assets. Noble was founded by
John Betts and a team capital markets and trading professionals,
and is backed by institutional investors including Tally Capital
and Blockchain Capital. To learn more, please visit www.noblex.io
or https://www.linkedin.com/company/noble-markets on LinkedIn, and
follow us on Twitter @NobleMarkets.
NDAQG
CONTACT: MEDIA CONTACTS
Nasdaq:
Ryan Wells
(646) 581-4286 (M)
Ryan.Wells@nasdaq.com
Noble Markets:
Martin Stein
Transform Public Relations
(702) 285-2873
martin@transform.pr
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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