BSX signs new Nasdaq technology agreement

  • Up in lights: news that the Bermuda Stock Exchange has extended its technology agreement with Nasdaq was displayed outside Nasdaq in Manhattan (Photograph supplied)

    Up in lights: news that the Bermuda Stock Exchange has extended its technology agreement with Nasdaq was displayed outside Nasdaq in Manhattan (Photograph supplied)

Bermuda Stock Exchange has signed a new agreement with Nasdaq to continue using its trading technology via Nasdaq Financial Framework.

In a statement, the BSX said the platform has been “instrumental in solidifying Bermuda’s status as a premier offshore securities market for attracting international as well as domestic capital, and allowing for asset scalability and have high-order capability”.

Greg Wojciechowski, president and CEO of the BSX, said: “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.

“The Bermuda Stock Exchange is proud to have Nasdaq technology powering its mission critical systems.”

Carlos Patino, head of Latin America and Caribbean, market technology, at Nasdaq, said: “In collaborating with BSX over the past several years, Nasdaq has witnessed how well-functioning and high-performing the exchange has become.

“We look forward to continuing to expand our relationship over the coming years, and delivering technology that will support the growth ambitions of BSX.”

Four years ago the BSX upgraded to the Nasdaq OMX trading system, X-stream. Then last year, Nasdaq launched the Nasdaq Financial Framework.

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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Published Nov 1, 2017 at 12:36 pm (Updated Nov 1, 2017 at 12:36 pm)

BSX signs new Nasdaq technology agreement

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