Nasdaq Inc. continues to renew its relationships with global stock exchanges, by announcing this Friday that it has signed a new agreement with the Iraq Stock Exchange (ISX) to extend their market technology arrangement.
Nasdaq, which is a provider of trading, clearing and , among other things, will continue to provide ISX with matching engine and central securities depository (CSD) technology.
The new agreement extends an already more than decade-long friendship, as the technology provider has been supplying the Baghdad-headquartered exchange technology since 2007, the statement said.
“Using Nasdaq’s market technology is a clear indication to investors, regulators and other exchanges that Iraq will bolster its efforts into becoming an important financial center for regional and global businesses.”
Nasdaq currently powers more than 250 market infrastructure organisations and participants with its market technology. Among its clients are exchanges, broker-dealers, clearinghouses, CSDs and more.
Nasdaq extends partnership with SGX
As , the market technology provider helped the Singapore Exchange launch a multi-matching trading engine for its securities market via the Nasdaq Financial Framework.
Because of the exchange-operator’s help, SGX now has more unified operations, messaging, and data infrastructure. This will allow the exchange to scale-up its offering by adding new products to its securities market. SGX and the New York-headquartered firm have been technology partners for more than a decade, having first established a partnership back in 2003.
Source: LinkedIn
Be First to Comment