Nasdaq Launches the Marketplace Services Platform
June 24 2020 - 7:00AM
Today, Nasdaq (Nasdaq: NDAQ) has announced the launch of the
Marketplace Services Platform. The platform provides
next-generation marketplace capabilities spanning the transaction
lifecycle to facilitate the frictionless exchange of assets,
services and information across various types of market ecosystems
and machine-to-machine transactions, including, but not limited, to
standard financial assets, tokenized assets, credit card
receivables, loyalty points, real estate, insurance contracts,
gaming and wagering and more. The already established
universal marketplace services, which includes matching, risk
management and market surveillance, will be accessible on the
platform.
“As the industry evolves and markets move to the next phase of
digitalization, there is increased demand for seamless access to
standard infrastructure components and capabilities,” said Magnus
Haglind, SVP and Head of Product Management, Market Technology,
Nasdaq. “By creating the Marketplace Services Platform, we are
providing marketplaces cloud-based, turnkey infrastructure
components and a platform to plug and play as they build, adapt and
expand their business. We see this potentially becoming the de
facto operating model for marketplaces worldwide.”
“We are at an inflection point in the capital markets,” said
Brad Bailey, Research Director, Celent. “Building one’s own
technology stack from application to infrastructure, without
leveraging a platform with access to an ecosystem of partners for
technology, services, cloud is becoming more difficult to
justify. The firms that win in this complex, challenging, and
ultra-competitive time focus the bulk of their efforts on their
core value proposition, and partner or outsource the
rest.”
Complementing the rollout out the Marketplace Services Platform,
Nasdaq is now offering its Digital Assets Suite. The suite of
services, which is both DLT-agnostic and multi-cloud, is designed
specifically to support the transaction lifecycle of digital assets
and tokenized markets leveraging DLT technology to facilitate
issuance of the asset through matching, custody, delivery and
payment. In addition to the launch of the Digital Assets Suite,
Nasdaq is collaborating with Microsoft on designing
solutions for next generation marketplaces. The Nasdaq Digital
Assets Suite will also be accessible for marketplaces
in Azure.
By leveraging the API economy, the Nasdaq Marketplace Services
Platform will also provide its customers greater choice and
flexibility, easily integrating other providers and ISVs with
improved interoperability for the entire ecosystem. Nasdaq is also
working with Digital Asset, R3 and Symbiont to deliver technology
through the Marketplace Services Platform to meet the diverse needs
and unique models of tokenized and digital assets marketplaces from
cryptocurrency to real estate and other areas.
The benefits of the Marketplace Services Platform include:
One service-based platform
- Covers the transaction lifecycle from end-to-end, featuring an
easy-to-activate, modular structure with built-in interoperability
enables marketplaces to start with one service area and easily turn
on other functionality or additional services as their needs
change
- Easily integrates with ISVs, partners and participants to
manage the full range of requirements for the marketplace (i.e.
integrate payment system)
Purpose-built, SaaS platform
- Built by market operators for marketplace operators
everywhere
- Understands the complex workflows happening across the trade
lifecycle, various market models and asset classes, roles of the
key participants and the data that flows between them
- Designed with a multi-cloud strategy in mind, the platform is
available in a variety of cloud environments allowing us to service
the unique needs, strengths and diverse geographies across the
Nasdaq Market Technology community
Reduce operational
complexity
- Reduces the cost and complexity of creating a marketplace by
reducing the number of vendors, technology resources and physical
infrastructure required to get up and running
- Accesses a range of services via robust API portfolio across
the transaction lifecycle
- Eases the technical burden on operations resources, simplifying
IT management and decreasing capital expenditures due to SaaS
delivery model
Frictionless on-boarding and maintenance
- Decreases time to market compared to on-prem delivery cycles,
provisioning market infrastructure in weeks to months, versus much
longer time horizons
- Continuously enhances performance and functional depth through
frequent release cycles, absent continuous patch cycles to
manage
Proven security protocols
- Leverages capital markets infosec standards established, proven
and in use in 120+ MIO in some of the world’s most demanding
markets across a number of jurisdictions, as well as in Nasdaq’s
established SaaS offerings
- Mutualizes investment in information security, meaning that you
benefit from the knowledge and experience across platform
participants to continually improve and enhance
protections
- Adds protection through the cloud providers’ continuous
enhancement against known vulnerabilities in a number of
industries
To learn more about the Marketplace Services Platform, please
see our video explainer here.
Nasdaq's market technology powers more than 250 of the world's
market infrastructure organizations and market participants,
including broker-dealers, exchanges, clearinghouses, central
securities depositories and regulators, in over 50 countries with
end-to-end, mission-critical technology
solutions.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company
serving the capital markets and other industries. Our diverse
offering of data, analytics, software and services enables clients
to optimize and execute their business vision with confidence. To
learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq,
or at www.nasdaq.com
Media Contacts
Ryan WellsMobile: +1 646 648 3887ryan.wells@nasdaq.com
Yan-yan Tong Mobile: +46 (0)73 449 66 83
yan-yan.tong@nasdaq.com
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