Nasdaq Launches the Marketplace Services Platform

Rhea-AI Summary

Nasdaq (NDAQ) has launched the Marketplace Services Platform, a SaaS solution that facilitates seamless transactions across various market ecosystems. Designed to support the transaction lifecycle, it offers integrated services for standard and tokenized assets. The platform is complemented by the Digital Assets Suite, enhancing capabilities for digital transactions. Collaborations with major tech firms like Microsoft aim to optimize next-gen marketplace solutions, positioning Nasdaq as a key player in digital transformation in capital markets.

Positive

• Launch of the Marketplace Services Platform enhances Nasdaq's offerings in marketplace technology.
• The platform supports multiple asset types, including tokenized assets, improving transaction efficiency.
• Collaborative efforts with Microsoft and others may drive innovation and broaden market reach.

Negative

• None.

SaaS platform purpose-built to operate marketplaces, everywhere

Platform also offering the Digital Assets Suite to support the transaction lifecycle of digital assets and tokenized markets

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) -- Today, Nasdaq (Nasdaq: NDAQ) has announced the launch of the Marketplace Services Platform. The platform provides next-generation marketplace capabilities spanning the transaction lifecycle to facilitate the frictionless exchange of assets, services and information across various types of market ecosystems and machine-to-machine transactions, including, but not limited, to standard financial assets, tokenized assets, credit card receivables, loyalty points, real estate, insurance contracts, gaming and wagering and more. The already established universal marketplace services, which includes matching, risk management and market surveillance, will be accessible on the platform.

“As the industry evolves and markets move to the next phase of digitalization, there is increased demand for seamless access to standard infrastructure components and capabilities,” said Magnus Haglind, SVP and Head of Product Management, Market Technology, Nasdaq. “By creating the Marketplace Services Platform, we are providing marketplaces cloud-based, turnkey infrastructure components and a platform to plug and play as they build, adapt and expand their business. We see this potentially becoming the de facto operating model for marketplaces worldwide.”

“We are at an inflection point in the capital markets,” said Brad Bailey, Research Director, Celent. “Building one’s own technology stack from application to infrastructure, without leveraging a platform with access to an ecosystem of partners for technology, services, cloud is becoming more difficult to justify. The firms that win in this complex, challenging, and ultra-competitive time focus the bulk of their efforts on their core value proposition, and partner or outsource the rest.”

Complementing the rollout out the Marketplace Services Platform, Nasdaq is now offering its Digital Assets Suite. The suite of services, which is both DLT-agnostic and multi-cloud, is designed specifically to support the transaction lifecycle of digital assets and tokenized markets leveraging DLT technology to facilitate issuance of the asset through matching, custody, delivery and payment. In addition to the launch of the Digital Assets Suite, Nasdaq is collaborating with Microsoft on designing solutions for next generation marketplaces. The Nasdaq Digital Assets Suite will also be accessible for marketplaces in Azure.

By leveraging the API economy, the Nasdaq Marketplace Services Platform will also provide its customers greater choice and flexibility, easily integrating other providers and ISVs with improved interoperability for the entire ecosystem. Nasdaq is also working with Digital Asset, R3 and Symbiont to deliver technology through the Marketplace Services Platform to meet the diverse needs and unique models of tokenized and digital assets marketplaces from cryptocurrency to real estate and other areas.

The benefits of the Marketplace Services Platform include:

One service-based platform

• Covers the transaction lifecycle from end-to-end, featuring an easy-to-activate, modular structure with built-in interoperability enables marketplaces to start with one service area and easily turn on other functionality or additional services as their needs change
• Easily integrates with ISVs, partners and participants to manage the full range of requirements for the marketplace (i.e. integrate payment system)

Purpose-built, SaaS platform

• Built by market operators for marketplace operators everywhere
• Understands the complex workflows happening across the trade lifecycle, various market models and asset classes, roles of the key participants and the data that flows between them
• Designed with a multi-cloud strategy in mind, the platform is available in a variety of cloud environments allowing us to service the unique needs, strengths and diverse geographies across the Nasdaq Market Technology community

Reduce operational complexity

• Reduces the cost and complexity of creating a marketplace by reducing the number of vendors, technology resources and physical infrastructure required to get up and running
• Accesses a range of services via robust API portfolio across the transaction lifecycle
• Eases the technical burden on operations resources, simplifying IT management and decreasing capital expenditures due to SaaS delivery model

Frictionless on-boarding and maintenance

• Decreases time to market compared to on-prem delivery cycles, provisioning market infrastructure in weeks to months, versus much longer time horizons
• Continuously enhances performance and functional depth through frequent release cycles, absent continuous patch cycles to manage

Proven security protocols

• Leverages capital markets infosec standards established, proven and in use in 120+ MIO in some of the world’s most demanding markets across a number of jurisdictions, as well as in Nasdaq’s established SaaS offerings
• Mutualizes investment in information security, meaning that you benefit from the knowledge and experience across platform participants to continually improve and enhance protections 
• Adds protection through the cloud providers’ continuous enhancement against known vulnerabilities in a number of industries

To learn more about the Marketplace Services Platform, please see our video explainer here.

Nasdaq's market technology powers more than 250 of the world's market infrastructure organizations 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.    

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com

Media Contacts

Ryan Wells
Mobile: +1 646 648 3887
ryan.wells@nasdaq.com

Yan-yan Tong
Mobile: +46 (0)73 449 66 83
yan-yan.tong@nasdaq.com 

NDAQG

FAQ

What is the Nasdaq Marketplace Services Platform?

The Marketplace Services Platform is a SaaS solution launched by Nasdaq designed to facilitate transactions across various market ecosystems, including standard and tokenized assets.

How does the Digital Assets Suite support Nasdaq's Marketplace Services?

The Digital Assets Suite supports the transaction lifecycle of digital assets and tokenized markets, enhancing the capabilities of the Marketplace Services Platform.

Who is partnering with Nasdaq for the Marketplace Services Platform?

Nasdaq is collaborating with major firms like Microsoft to develop next-generation marketplace solutions as part of the Marketplace Services Platform.

What types of transactions can the Marketplace Services Platform handle?

The platform can manage a wide range of transactions, including standard financial assets, tokenized assets, credit card receivables, loyalty points, and more.

How does Nasdaq's Marketplace Services Platform improve operational efficiency?

The platform reduces operational complexity and costs for marketplaces by integrating services and providing a modular structure for various transaction needs.