Nasdaq reaches platform supply deal
The financial company services provider Nasdaq has struck a deal to deliver matching engine technology to Football Index.
Sweden.- Nasdaq Inc announced on Tuesday that it has signed a new agreement with Football Index. Now, clients can buy and sell shares in professional footballers and will provide the company with a flexible, cloud-optimised trading engine that offers rich functionality.
As part of Nasdaq Financial Framework, Football Index will join a list of new markets outside of financial services that are relying on Nasdaq’s marketplace technology to accelerate their business growth and enhance the client experience, the companies revealed.
Through the agreement, the Football Index joins a global community of marketplace operators that have access to a range of services through the Nasdaq Financial Framework including comprehensive coverage of trading requirements, reliable, proven and high-performance technology and reduced operational complexity.
Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organisations 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.
“The concept of what a market is has radically evolved over the past few years, something that Nasdaq as an operator and builder of markets has played an important part of first-hand,” said Paul McKeown, Senior Vice President and Head of Marketplace Operators and New Markets, Market Technology, Nasdaq.
“We are focused on democratising marketplace technology by offering essential components of matching engine technology traditionally used by financial markets, and bringing the capabilities to a cross-asset, cross-industry environment via the cloud. Football Index will use our matching engine technology to provide their clients with a platform to revolutionise how fixed-odds betting operates.”
“Nasdaq is a legendary brand,” said Adam Cole, Founder and CEO, Football Index. “We’re very proud and excited to work with them to provide our order matching service, which is the powerhouse of any exchange. Football Index has come a very long way in a short period of time. Our relationship with Nasdaq is another major step in our journey to establish Football Index as a world-class exchange, worthy of the world’s top footballers that are traded on it.”
