PureStream and OptimX partner to improve institutional liquidity discovery and execution
OptimX clients can now access PureStream's streaming protocol through the OptimX platform.
OptimX clients can now access PureStream's streaming protocol through the OptimX platform.
“PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape,” said Nasdaq’s Nikolaj Kosakewitsch; launch is expected in Q1 2025.
In light of the US ATS’ looking to migrate to Europe and new offerings being proposed by European exchanges, Annabel Smith weighs up increased fragmentation against innovation, exploring the new competitive landscape, the prospect of private rooms, and who might be the provider to benefit most from first mover advantage.
The TRADE checks in with the alternative trading system two years after its launch to explore its growth, backing from major institutions, use cases and how the platform is expected to evolve in the future.
The Nasdaq Execution Platform will help deliver the soon-to-launch PureStream ATS after the start-up raised $14 million from Goldman Sachs and Bank of America.