n AS and has a majority ownership in AB Nasdaq Vilnius and Nasdaq Riga, AS. In addition, Nasdaq Tallinn AS owns the central securities depository in Estonia; Nasdaq Riga, AS owns the central securities depository in Latvia; and Nasdaq Helsinki Ltd and AB Nasdaq Vilnius jointly own the central securities depository in Lithuania. FICC The company’s FICC business includes fixed income activities in the Nordic region; the company’s eSpeed business; Nasdaq NLX; Nasdaq Futures, Inc. (NFX); and Nasdaq Commodities. Nasdaq Nordic provides a range of products and services, such as listing, trading, and clearing, for fixed income products in Sweden, Denmark, Finland and Iceland. Nasdaq Stockholm is the major bond listing venue in the Nordics, with approximately 5,000 listed retail and institutional bonds. In addition, Nasdaq Nordic facilitates the trading and clearing of Nordic fixed income derivatives in a market structure. Buyers and sellers agree to trades in fixed income derivatives through bilateral negotiations and then report those trades to Nasdaq Clearing markets for CCP clearing. Nasdaq Clearing acts as the counterparty to both the buyer and seller. The company owns eSpeed, an electronic platform for trading the U.S. Treasuries. The electronic trading platform provides real-time institutional trading of benchmark U.S. Treasury securities. Through eSpeed, the company provides trading access to the U.S. Treasury securities market with a range of trading instruments to meet various investment goals across the fixed income spectrum. Nasdaq NLX is a London-based multilateral trading venue that launched in 2013. Nasdaq NLX offers a range of both short-term interest rate and long-term interest rate euro-and sterling-based listed derivative products. In 2015, the company launched NFX, which is the company’s U.S. based energy derivatives market. NFX offers cash settled energy derivatives based on key energy benchmarks, including oil, natural gas and the U.S. power. Nasdaq Commodities is the brand name for the company’s worldwide suite of commodity-related products and services. Nasdaq Commodities’ offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. Nasdaq Oslo ASA, which is authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority, is the commodity derivatives exchange for Nasdaq Commodities. In addition, all trades with Nasdaq Commodities are subject to clearing with Nasdaq Clearing, which is a CCP authorized under the European Market Infrastructure Regulation by the Swedish Financial Supervisory Authority (SFSA) to conduct clearing operations. Nasdaq Commodities has approximately 400 members across a range of energy producers and consumers, as well as financial institutions. Access and Broker Services Access Services: The company provides market participants with various alternatives for connecting to and accessing its markets for a fee. The company’s marketplaces might be accessed through different protocols used for quoting, order entry, trade reporting, DROP functionality and connectivity to various data feeds. The company also offers the NASDAQ Workstation, a browser-based, front-end interface that allows market participants to view data and enter orders, quotes and trade reports. In addition, the company offers various add-on compliance tools to help firms comply with regulatory requirements. The company provides co-location services to market participants, whereby firms might lease cabinet space and power to house their own equipment and servers within its data center. Additionally, the company offers various wireless connectivity routes between select data centers using millimeter wave and microwave technology. Broker Services: The company’s Broker Services operations offer technology and customized securities administration solutions to financial participants in the Nordic market. Broker Services provides services through a registered securities company that is regulated by the SFSA. Services primarily con
nasdaq inc (NAQ:Stuttgart)
One Liberty Plaza
New York, NY 10006
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