Big Bank Turns to Nasdaq for Help Running Its Currency Trading
- Adds to market technology business that also powers exchanges
- Exchange looks to branch beyond core business running markets
The Nasdaq MarketSite in New York in 2016.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Nasdaq Inc. won its first deal to help power a bank’s currency trading, its latest attempt to branch out from its original business of running a famous stock exchange.
Nasdaq didn’t identify the new customer beyond calling it a “Tier 1 bank,” according to a statement Wednesday. The bank will use Nasdaq’s matching technology, the software that pairs up buyers and sellers.