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Nasdaq and Bermuda Stock Exchange extend tech deal

01 November 2017  |  1899 views  |  0 Source: Nasdaq

Nasdaq Inc. (Nasdaq:NDAQ) and the Bermuda Stock Exchange (BSX) have signed a new agreement with Nasdaq continuing to deliver its trading technology via the Nasdaq Financial Framework.

The platform has been instrumental in solidifying Bermuda's status as a premier off-shore securities market for attracting international as well as domestic capital, and allowing for asset scalability and high-order capability.

"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 Greg Wojciechowski, President and CEO of Bermuda Stock Exchange. "The Bermuda Stock Exchange is proud to have Nasdaq technology powering its mission critical systems."

"In collaborating with BSX over the past several years, Nasdaq has witnessed how well-functioning and high-performing the exchange has become," said Carlos Patino, Head of Latin America and Caribbean, Market Technology, Nasdaq. "We look forward to continuing to expand our relationship over the coming years, and delivering technology that will support the growth ambitions of BSX."

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 Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

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