Targeting the sell side, fintech provider Eze Software Group is including new support for Nasdaq’s Automated Confirmation of Transactions (ACT) system for over-the-counter (OTC) trades in the Eze Software EMS (RealTick), 11.4 release, the latest update of the execution management system, officials say. ACT, also known as the ACT Service, is a system that enables… Read More >>
Nasdaq Launches Energy Derivatives Marketplace
The U.S.-based Nasdaq Futures, Inc. (NFX), an energy derivatives trading platform, has launched today, according to Nasdaq. The platform will start off by offering futures and options on oil, natural gas and U.S. power benchmarks, with a fee holiday for the first nine months of trading, officials say. All products will be cleared though the… Read More >>
Nasdaq Launches Data Centers in Ontario
Nasdaq’s Directors Desk corporate governance offering will be expanding its presence in the Canadian market, with the opening of two new data centers in Ontario, officials say. Nasdaq expects the move will enable it “to more effectively service clients,” according to a company statement. Just like Nasdaq’s servers in the U.S. and Sweden, the Canadian… Read More >>
Nasdaq Embraces a Disruptive Blockchain Initiative
The Nasdaq Stock Market has announced it will soon use blockchain technology – the decentralized ledger system that powers cryptocurrencies like Bitcoin – to facilitate the management of a special private equity securities service, the latest indication that the hype surrounding blockchain isn’t all hot air. Interestingly, centralized exchanges like Nasdaq have long been identified… Read More >>
Bats Picks Concannon to be Its New President
Bats Global Markets has named a former Nasdaq Stock Market executive vice president, Chris Concannon, to be its next president, officials say. He takes on the post after his predecessor had a controversial exit in July. Most recently, Concannon was the president and chief operating officer (COO) of electronic market maker Virtu Financial, officials say…. Read More >>
Financial Technologies Forum to Ring NASDAQ Bell
Subscribers to FTF News and attendees of FTF’s events already know the company has its finger on the pulse of the post-trade processing realm of securities trading. But tomorrow morning the founder and CEO of FTF will literally take the markets by the hand as Maureen Lowe rings the NASDAQ opening bell. On Thursday, Sept…. Read More >>
Nasdaq Exec Moves to ConvergEx as Rick McCarthy Heads Buy-Side Sales at Misys
Nasdaq Exec Takes Top Post at ConvergEx Group A former senior executive at Nasdaq OMX, Eric W. Noll is the new president of ConvergEx Group, which offers brokerage and trading‐related services, officials say. Noll will also be taking on the role of CEO by the end of this year, succeeding Joseph M. Velli, the incumbent… Read More >>
Update on Hurricane Sandy and Wall Street
NYSE Euronext, the NASDAQ Stock Market and all other U.S. markets for equities, bonds, options and derivatives will stay closed for Tuesday, Oct. 30, because of the impacts of Hurricane Sandy, a storm estimated to affect 50 million Americans across eight states, including New York. “Sandy has transitioned from a tropical to a post-tropical, or… Read More >>
