Specifically, the pre-trading issue affected trading on Monday for those using routing and special handling (RASH) and/or FIX as well as customers connected directly via OUCH or FLITE, said Nasdaq in its post-mortem report.
The exchange has signed a deal with Thailand-based institutional broker Kiatnakin Phatra Securities (KKPS), designed as a launchpad deal to encourage further adoption in the region.
Non-standard instruments, such as the Argentinian specific asset class, will still be offered on the old system; Caja de Valores said it aims to migrate these instruments onto the new platform within Q1 2024.
Financial Market Infrastructures (FMI) can improve execution quality through streamlined pathways by adopting third party expertise – such as Cloud providers – and reduce friction for participant across the value chain, says Nasdaq paper.
Institutional grade infrastructure from Nasdaq will be utilised to create a single market for Chile, Perú and Colombia.
There is a significant gap in the market for a customisable listed product, an Acuiti report has found.
The past week saw appointments across business development, execution sales, execution sales, prime services, equities, and fixed income.
Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Outstanding Exchange Group: including Cboe Global Markets, the London Stock Exchange Group, Nasdaq and SIX Swiss Exchange.
Move comes as investors increasingly seek customised equity exposures that mirror their respective stock portfolios.
Individual is currently executive vice president and president of European markets at Nasdaq; Roland Chai, current executive vice president of marketplace technology at Nasdaq will take over his role from next year.