Nasdaq and Bermuda Stock Exchange Sign New Market Technology Agreement
"The core technology that underpins mission critical systems of an exchange speaks volumes to the seriousness and commitment of that exchange to the support and development of its domestic capital market and international clients that it serves," said
"In collaborating with BSX over the past several years, Nasdaq has witnessed how
well-functioning and high-performing the exchange has become," said
Nasdaq's market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. 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 90 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately
About
Established in 1971 the
There are over 850 securities listed on the BSX of which over 300 are offshore funds and 211 are
Trading occurs daily with settlement on a rolling T+2 basis. NASDAQ market technology powers the BSX's Central Limit Order Book trading mechanism which is tightly integrated with the Exchange's clearing, settlement and depository platforms.
The success of the BSX lies in its innovative approach to new products and markets and its ability to offer a 'commercially sensible' regulatory environment. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds (including
The BSX, recognised by the US SEC as a
The BSX was granted
NDAQG
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Source: Nasdaq via Globenewswire
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