Philippine Stock Exchange adopts Nasdaq Eqlipse Trading
The move is set to enhance the trading venue’s market infrastructure to improve liquidity and resilience in the Philippines.
The move is set to enhance the trading venue’s market infrastructure to improve liquidity and resilience in the Philippines.
nuam – the merger between the Santiago, Lima, and Colombia stock exchanges – is set to drive capital market integration across Latin America thanks to this strengthened technology partnership with Nasdaq.
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
Changes will halt European plans by Cboe, Aquis and PureStream – powered by Nasdaq – to launch trajectory offerings on the continent which were scheduled for the coming months.
Currently, Nasdaq Calypso supports Novobanco’s treasury workflows, spanning trade settlement to payment and accounting processes.
Thought leaders from Nasdaq, Millennium, Linedata, FINBOURNE, and LTX explore the role artificial intelligence will play in capital markets across 2025 and beyond, including: generative AI, explainable AI and operational models.
“The sheer scale of computing power required to meet the most demanding regulations, alongside the strategic benefits of more accurate real-time analytics, is driving a profound rethink about how we can leverage AI to reduce the cost of compliance,” said Gil Guillaumey, senior VP and head of capital markets technology at Nasdaq.
“PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape,” said Nasdaq’s Nikolaj Kosakewitsch; launch is expected in Q1 2025.
Beta testing for the new interface is expected to begin in February 2025; go-live is expected in October 2025.
Extended partnership will enhance resilience of the exchange, alongside supporting the deployment of new products and services.