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UPDATE – Nasdaq to Provide Clearing Technology to SIX for Clearing Services

UPDATE – Nasdaq to Provide Clearing Technology to SIX for Clearing Services

STOCKHOLM, Sweden, Jul. 12 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today announced a new contract to deliver its clearing and real-time risk management technology via the Nasdaq Financial Framework to SIX, one of Europe’s leading providers of clearing services. The technology will power SIX’s clearing of pan-European equities and Nordic derivatives. “We are happy to collaborate [...]

National Stock Exchange of India (NSE) Signs Post-Trade Technology and Strategic Partnership Agreement with Nasdaq

National Stock Exchange of India (NSE) Signs Post-Trade Technology and Strategic Partnership Agreement with Nasdaq

MUMBAI, India and STOCKHOLM, Sweden, Jul. 2 (Korea Bizwire) — The National Stock Exchange of India (NSE) and Nasdaq have officially signed an agreement for Nasdaq to deliver a customized real-time clearing, risk management and settlement technology to one of the world’s largest stock exchanges. In addition to the post-trade agreement, Nasdaq has also signed an agreement [...]

Nasdaq Welcomes Uxin, Ltd. (Nasdaq: UXIN) to the Nasdaq Stock Market

Nasdaq Welcomes Uxin, Ltd. (Nasdaq: UXIN) to the Nasdaq Stock Market

NEW YORK, Jun. 27 (Korea Bizwire) — Uxin, Ltd. (Nasdaq:UXIN), China’s largest used car e-commerce platform, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. Uxin, which means quality and trust in Chinese, is the largest used car e-commerce platform by number of [...]

Nasdaq Commodities to Launch European Spot Market

Nasdaq Commodities to Launch European Spot Market

STOCKHOLM, Sweden, Jun. 26 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) Commodities today announced a plan to offer Day Ahead Auction Markets for Electricity in Germany, France and the Nordics alongside the existing Power Futures contracts. The implementation of Capacity Allocation & Congestion Management (CACM) aims at promoting effective competition in the generation, trading and supply of [...]

Nasdaq and Celent Publish Global C-Suite Study on Capital Markets Infrastructure Technology

Nasdaq and Celent Publish Global C-Suite Study on Capital Markets Infrastructure Technology

NEW YORK and STOCKHOLM, Sweden, Jun. 26 (Korea Bizwire) — During its biennial Technology of the Future conference in Stockholm, Nasdaq Inc. (Nasdaq:NDAQ), in collaboration with Celent, today revealed the results of a new study of market infrastructure (MI) senior technology and strategy officers that uncovered three important trends: the factors that are driving changes [...]

15th Consecutive Nasdaq Closing Cross Sets Record for Number of Shares Traded During 2018 Russell US Indexes Reconstitution

15th Consecutive Nasdaq Closing Cross Sets Record for Number of Shares Traded During 2018 Russell US Indexes Reconstitution

NEW YORK, Jun. 22 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) today announced the Nasdaq Closing Cross had a record day as it was used for the 15th consecutive year to rebalance Nasdaq-listed securities in the entire family of Russell U.S. Indexes, part of leading global index provider FTSE Russell, during their annual reconstitution. A record 1.188 billion [...]

Industry Stakeholders Partner on Blockchain Based Margin and Collateral Solution

Industry Stakeholders Partner on Blockchain Based Margin and Collateral Solution

AMSTERDAM, the Netherlands, BRUSSELS, Belgium, STOCKHOLM, Sweden and LONDON, Jun. 19 (Korea Bizwire) — ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq have completed a joint proof of concept to make the use of securities more efficient when used to cover margin calls, including after business hours, using blockchain, or distributed ledger technology (DLT). This solution [...]

Nasdaq Reports First Quarter 2018 Results; Delivers Strong Growth in Revenues and Income

Nasdaq Reports First Quarter 2018 Results; Delivers Strong Growth in Revenues and Income

NEW YORK, Apr. 25 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the first quarter of 2018.  First quarter 2018 net revenues were $666 million, up $85 million, or 15%, from $581 million in the prior year period.  The first quarter increase in net revenues included $55 million, or 9%, impact from [...]