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 Tech’s 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: “Nasdaq’s integration of its strategic Real-Time Clearing system into the Trade Data Network will increase standardisation and network adoption.”
