BSX signs new Nasdaq technology agreement

Make text smaller Make text larger

  • 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.

You must be registered or signed-in to post comment or to vote.

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

BSX signs new Nasdaq technology agreement

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries