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Voleo and Nasdaq to launch equity trading competition

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Social investing platform Voleo has teamed up with Nasdaq to launch its Voleo Equity Trading Competition – with winning investors and investing teams getting $10,000 in real cash portfolios, reports David Penn at Finovate (Banking Technology‘s sister company). “The goals of the competition are to improve financial literacy, to break down the knowledge barrier, and […]

SEB and Nasdaq working on blockchain prototype for Swedish mutual fund market

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Swedish financial services group SEB and Nasdaq are working on a joint project to test a developed prototype for a mutual fund trading platform based on Chain’s blockchain ledger. The aim is to increase efficiency in the processing of purchases and sales of fund units and to create a unit ledger – an area which […]

Top fintech stories this week – 8 September 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Nasdaq buys analytics provider eVestment for $705m

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Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment consultants, for $705 million funded through a mix of debt and cash on hand. According to Nasdaq, eVestment provides investors a database for both traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment […]

SIX Swiss Exchange, Nasdaq and Chain team for blockchain OTC project

BBVA and Ripple in blockchain cross-border payments trial

SIX Swiss Exchange and Nasdaq and working with blockchain tech company Chain to provide distributed ledger technology (DLT) for for SIX’s over-the-counter (OTC) structured products business.

Nasdaq to buy surveillance provider Sybenetix

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Nasdaq will acquire Sybenetix, a surveillance provider that uses behavioural analytics and cognitive computing. The addition of Sybenetix to Nasdaq’s risk and surveillance suite of solutions, including Smarts and TradeGuard, will allow Nasdaq to “bring deeper technology savviness and expertise to buy-side compliance officers across the global capital markets who require future-focused surveillance capabilities to […]

Nasdaq fuels new trading system in Poland

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Towarowa Gielda Energii (TGE – Polish Power Exchange) has launched a new trading system provided by Nasdaq. Nasdaq has partnered with TGE since 2008 and the new technology allows TGE to expand future activities, including adding commodity and derivative instruments to its business offering. The trading platform features multi-market model support, a range of order […]

Nasdaq powers Kazakhstan’s new stock exchange

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Astana International Financial Centre (AIFC) has chosen Nasdaq to power Kazakhstan’s nascent stock exchange, the AIFC Exchange. The exchange is targeted to launch in late-2017 and will initially trade equities and fixed income with other asset classes for future phases. Within the framework of the agreement, the Nasdaq Matching Engine will be implemented and go […]

Nasdaq looking cool with Chile CSD tech revamp

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Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), has chosen Nasdaq to revamp its technological infrastructure. Under the agreement, Nasdaq’s CSD solution will include trade and instruction management, settlement, custody, corporate event management and registry capabilities; and full coverage for all types of securities and multi-currencies. In addition, it will support settlement with […]

Nasdaq and Citi team up for blockchain-powered payments reconciliation

SAP launches Blockchain-as-a-Service

Nasdaq and Citi’s Treasury and Trade Solutions (TTS) have unveiled a new payment solution for automating reconciliation using Chain’s blockchain infrastructure platform. The solution enables straight through payment processing by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have been done including Citi’s automated processing of cross-border payments […]

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