Nasdaq has officially announced the launch of its Nasdaq Financial Framework, a harmonized approach to provide robust end-to-end solutions to financial infrastructure providers in an open, agile environment. Nasdaq has already released its framework across all its business units and is planning to spread it globally to more than 100 market operator clients, including traditional exchanges, inter-broker dealers and alternative trading venues, clearing houses and central securities depositories (CSDs).
Adena Friedman, President and Chief Operating Officer at Nasdaq, said: “This is a watershed moment for how market operators integrate and operate their market technology. 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 Nasdaq Financial Framework has unique focused design that allows market operators to enjoy cutting-edge technology developments such as blockchain and bring new functionality to market more quickly. The framework consists of three basic components: Nasdaq Core, Nasdaq Core Services and Nasdaq Business Applications. Nasdaq Core is an open, deterministic, high-speed communication, operations and resiliency layer that serves as a center of the framework driving business applications across the Nasdaq Financial Framework.
“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.”
Nasdaq is a creator of the world’s first electronic stock market. With its technology powering more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions, Nasdaq is world’s leading provider of trading, clearing, exchange technology. The company serves for more than 3,700 enterprises with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients.
A couple of months ago, Nasdaq announced that investors in Estonian companies, listed on Nasdaq’s Tallinn Stock Exchange, would be able to vote in shareholder meetings via the distributed ledger. According to the initiative, the company will use the country’s e-residency platform to provide stockholders with the blockchain-based e-voting system. The pilot of the program is expected to be launched this year.