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Nasdaq partners with FIA Tech


28 May 2024 US
Reporter: Sophie Downes

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Image: NickArt
Nasdaq has partnered with FIA Tech to help reduce the complexity of post-trade data processing across the exchange traded derivative market.

Nasdaq will integrate its clearing platform, Nasdaq Real-Time Clearing, into FIA Techs Trade Data Network.

The Trade Data Network combines trade data from buy side, brokers, clearing houses and clearing members into a common framework, creating a shared source of clearing activity for participating firms.

The companies say that the partnership will help to reduce systemic inefficiency across the global post-trade network.

Magnus Haglind, senior vice president and head of products, marketplace technology, Nasdaq, says: A consistent operating model for data, systems and processes can deliver substantial benefits to market participants through more efficient use of capital and a more resilient operating model.

Nick Solinger, president and CEO, FIA Tech, adds: Nasdaqs integration of its strategic Real-Time Clearing system into the Trade Data Network will increase standardisation and network adoption.
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