Nasdaq Debuts Groundbreaking Nasdaq Financial Framework, Enhancing Operations for Over 100 Market Operators Globally
New harmonized approach of entire technology portfolio provides market operators seamless tech functionality across full trade lifecycle
Allows for effortless adoption and adaptation of new technologies for operators
Blockchain is fully integrated with any application around the framework
"This is a watershed moment for how market operators integrate and operate their market technology," said
The framework consists of a single operational core that ties together the deep portfolio of Nasdaq's proven business functionality across the trade lifecycle, in an open framework whereby exchanges, clearinghouses and CSDs can easily integrate Nasdaq's business applications with each other, as well as with other external solutions. In addition to being able to integrate a broad range of business functions, the Nasdaq Financial Framework's unique, purpose-built design enables market operators to easily leverage the latest in technology developments—including blockchain—and bring new functionality to market more quickly.
"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
The Nasdaq Financial Framework is comprised of three components:
- Nasdaq Core: The heart of the framework, which is an open, deterministic, high-speed communication, operations and resiliency
layer. Based on best business practices, the Nasdaq Core is the operational hub driving business applications across the Nasdaq Financial Framework.
- Nasdaq Core Services: A set of optional shared services that empower Nasdaq business applications with additional capabilities beyond the direct connection to the Core for operations, messaging and other core framework services. Services include Connectivity (supporting ITCH/OUCH/ FIX/FIXML/ISO15022/20022),
Data Store(collects data from any source connected to the Core), and Blockchain.
- Nasdaq Business Applications: End-to-end portfolio of business functionality supporting the full trade lifecycle. Modular in nature and fully interoperable, Nasdaq Business Applications are seamlessly integrated but decoupled from the Nasdaq Core, making it easy to add new functionality, replace or enhance technology platforms. These applications also enable market operators to boost their competitive edge and meet rapid implementation timelines to launch new markets, models and services.
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the
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