Sunday, August 13, 2017

Nasdaq Inks Blockchain Trading Deal With Swiss Stock Exchange

Nasdaq Inks Blockchain Trading Deal With Swiss Stock Exchange

Nasdaq has signed a deal with the operator of Switzerland's primary stock exchange to integrate blockchain into its over-the-counter product services.


According to a U.S. Securities and Exchange Commission (SEC) filing from July 26, Nasdaq – which has been working with blockchain technology since as early as 2015 – struck the agreement with SIX Swiss Exchange, a subsidiary of SIX Group. Notably, the group has also been experimenting with blockchain through its SIX Securities business line.


The SEC filing revealed the new deal, stating:


"In July 2017, Nasdaq also signed an agreement with SIX Swiss Exchange to implement a distributed ledger technology based solution for the OTC structured products business from SIX, highlighting further commercialization of blockchain with the Nasdaq Financial Framework."


Full story at http://bit.ly/2uzxc9U


Source: CoinDesk


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