Nasdaq Financial Framework Launches for Market Operators Globally

Nasdaq unveiled its new end-to-end solution for financial infrastructure providers.

Nasdaq today unveiled the launch of its Nasdaq Financial Framework, a streamlined approach for the company to offer flexible end-to-end solutions to financial infrastructure providers globally, according to an official announcement, and based on three components that the new offering is built upon in its core.

We are excited to bring this offering to our clients and prospects who run the infrastructure of the world’s capital markets.

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As a leading provider of exchange technology including trading, clearing, and listing services, as well as information and public company services, Nasdaq released the new solution across all of its business units and said it will make the framework available immediately to the more than 100 market operator clients that the company has globally.

Financial infrastructure providers

The company’s clients that are set to be able to access the new service include traditional exchanges, inter-broker dealers, and alternative trading venues, as well as clearing houses and central securities depositories, as per the Nasdaq statement regarding the new launch.

Adena Friedman Source: LinkedIn
Adena Friedman
Source: LinkedIn

Nasdaq President and Chief Operating Officer (COO) Adena Friedman commented in a statement regarding the news: “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.”

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Three Components

The three components that the Nasdaq Financial Framework is built on include Nasdaq Core, which acts as the high speed hub to support the additional two components including Nasdaq Business Applications which are described as a complete set of business functionality tools that support the entire trade lifecycle and that are modular and interoperable.

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…

The third component is Nasdaq Core Services which include a set of optional shared services that aid the Nasdaq business applications and includes connectivity, Blockchain, and other advanced features such as machine learning.

Result of consultations

“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 Ottersgard, Executive Vice President and Head of Market Technology at Nasdaq, commenting in a company statement regarding the news.

Mr. Ottersgard added: “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.”

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