Big Bank Turns on Nasdaq for the help of the currency Trading Run

© Bloomberg. Analysts monitor data on the market Intelligence Desk (MID) in the Nasdaq market site in New York, U.S., on Thursday, Aug. 18, 2016. U.S. stocks fluctuated as investors weighed close to record equity levels, and indications of an uncertain economic Outlook, the political decision to increase the carrier with little reason, interest rates.

(Bloomberg) — The Nasdaq Inc. to help won his first offer, the performance of a bank’s foreign exchange trading, his latest attempt to branch out from its original business of running a famous stock exchange.

Nasdaq Inc. (NASDAQ:NDAQ), identify the new clients, calling it a «Tier 1 bank,» according to a statement Wednesday. The bank is the use of the Nasdaq — matching technology, the software that pairs up buyers and sellers.

More than 100 customers to use Nasdaq technology, including the stock exchanges in Hong Kong, Japan, Turkey, and Colombia. This is the first time a bank is it for foreign exchange, but it is not only technology at the Nasdaq-deal with a bank. If Goldman Sachs Group Inc (NYSE:GS). recently, its dark pool, called Sigma X-Squared, turned out to be traded on the Nasdaq.

«One thing we technology is still in our market that we can trade and clear and now is down to each asset class allow for on the planet,» Nasdaq Chief Executive Officer Adena Friedman said in a telephone interview on Wednesday.

Old-school banks looking for help, with the fast-paced modern markets. For example, JPMorgan Chase & Co (NYSE:JPM). struck a deal last year with a high-speed trader Virtu Financial Inc. for Treasuries trading technology.

The New Wall Street: Big Banks Want To Help, Orientation To Markets

Nasdaq’s market technology division brought in 13 percent of the company’s total in the third quarter, net sales. It is still in the shadow of his business of running markets in the equity and fixed income-clearing-trades, who hauled 36 percent of net revenue.

Nasdaq also reported a third-quarter adjusted earnings of $1,06 a share on Wednesday, beating the average analyst estimate of $1.02 per share. The net sales by 4 percent compared to the same period a year earlier. The company’s stock fell 1.1 percent at 11:12 a.m. in New York.

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