Nasdaq Debuts Groundbreaking Nasdaq Financial Framework, Enhancing Operations for Over 100 Market Operators Globally
May 26 2016 - 4:00AM
New harmonized approach of entire technology
portfolio provides market operators seamless tech functionality
across full trade lifecycle
Nasdaq (Nasdaq:NDAQ) announced today the launch of the Nasdaq
Financial Framework, the company’s harmonized approach to
delivering robust end-to-end solutions to financial infrastructure
providers globally in an open, agile environment. Nasdaq has also
integrated the framework across all of its business units and will
immediately make the Financial Framework available to its more than
100 market operator clients globally, including traditional
exchanges, inter-broker dealers and alternative trading venues,
clearing houses and central securities depositories (CSDs).
“This is a watershed moment for how market operators integrate
and operate their market technology,” said Adena Friedman,
President and Chief Operating Officer, Nasdaq. “The Nasdaq
Financial Framework is the result of significant R&D efforts
and transforms our offering into a modular portfolio that enables a
more flexible, tailored approach to each client’s business and
their ambitions. We are excited to bring this offering to our
clients and prospects who run the infrastructure of the world’s
capital markets.”
The framework consists of a single operational core that ties
together the deep portfolio of Nasdaq’s proven business
functionality across the trade lifecycle, in an open framework
whereby exchanges, clearinghouses and CSDs can easily integrate
Nasdaq’s business applications with each other, as well as with
other external solutions. In addition to being able to integrate a
broad range of business functions, the Nasdaq Financial Framework’s
unique, purpose-built design enables market operators to easily
leverage the latest in technology developments—including
blockchain—and bring new functionality to market more quickly.
“We have closely collaborated with our clients—including
Nasdaq’s technology leaders who oversee our markets—to understand
and anticipate what the future will require of market operators and
how they can address both business challenges and opportunities
ahead,” said Lars Ottersgård, Executive Vice President and Head of
Market Technology, Nasdaq. “We believe the Nasdaq Financial
Framework underscores our dedicated focus on the stability,
reliability and resiliency of our systems to ensure that our
clients can safely and effectively introduce new technologies into
their operations and evolve and expand their business. We are very
proud of this new innovation and the potential the Nasdaq Financial
Framework brings to the global marketplace.”
The Nasdaq Financial Framework is comprised of three
components:
- Nasdaq Core: The heart of the framework, which
is an open, deterministic, high-speed communication, operations and
resiliency layer. Based on best business practices, the
Nasdaq Core is the operational hub driving business applications
across the Nasdaq Financial Framework.
- Nasdaq Core Services: A set of optional shared
services that empower Nasdaq business applications with additional
capabilities beyond the direct connection to the Core for
operations, messaging and other core framework services.
Services include Connectivity (supporting ITCH/OUCH/
FIX/FIXML/ISO15022/20022), Data Store (collects data from any
source connected to the Core), and Blockchain.
- Nasdaq Business Applications: End-to-end
portfolio of business functionality supporting the full trade
lifecycle. Modular in nature and fully interoperable, Nasdaq
Business Applications are seamlessly integrated but decoupled from
the Nasdaq Core, making it easy to add new functionality, replace
or enhance technology platforms. These applications also enable
market operators to boost their competitive edge and meet rapid
implementation timelines to launch new markets, models and
services.
Nasdaq’s exchange technology, including trading, clearing, CSD
and market surveillance systems, is in operation in over 100
marketplaces across the USA, Europe, Asia, Australia, Africa and
the Middle East.
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 3,700 listed companies with a market
value of approximately $9.6 trillion and nearly 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
NDAQG
For Media Inquiries:
Nasdaq:Ryan
Wellsryan.wells@nasdaq.comDirect: +44 (0) 20 3753 2231Mobile: +44
(0) 7809 596 390
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024