Nasdaq Debuts Groundbreaking Nasdaq Financial Framework, Enhancing Operations for Over 100 Market Operators Globally
May 26 2016 - 4:04AM
New harmonized
approach of entire technology portfolio provides market operators
seamless tech functionality across full trade lifecycle
Allows for
effortless adoption and adaptation of new technologies for
operators
Blockchain is
fully integrated with any application around the framework
NEW YORK, May 26, 2016 (GLOBE NEWSWIRE)
-- 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 OttersgÄrd,
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 Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
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: Nasdaq via Globenewswire
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