Philippine Stock Exchange adopts Nasdaq Eqlipse Trading
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Nasdaq Eqlipse represents Nasdaq's investments to modernize, standardize, and strengthen its platform capabilities, application architecture, APIs and product integration. The modular trading platform allows market operators to incorporate complementary functionality, including pre-trade risk, advanced options pricing, and index calculations, with a flexible deployment model to help reduce operational heavy lifting and provide optionality around cloud adoption.
'With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,' said PSE President and CEO Ramon S. Monzon.
The recently launched Nasdaq Eqlipse platform is the fourth generation of its suite of multi-asset marketplace technology platforms, marking a major milestone in the company's five-year cycle of investment to develop and gradually roll out a fully interoperable suite of proven solutions across trading, clearing, central securities depository, and data intelligence. The harmonized portfolio enhances Nasdaq's ability to form deeper strategic technology partnerships with its clients, including more than 135 infrastructure providers around the world.
"The launch of Nasdaq Eqlipse following years of investment and development to reinforce our ability to enhance liquidity, transparency and integrity across global capital markets," said Magnus Haglind, Head of Marketplace Technology at Nasdaq. "Our technology partnership with PSE will help strengthen its market infrastructure, and we're excited to support their efforts to elevate Philippine capital markets on the global stage."
Modernizing the Philippine financial services ecosystem
Nasdaq holds deep technology partnerships across the Philippines, helping to drive modernization throughout the country's financial services industry. In addition to providing market infrastructure, Nasdaq's AxiomSL data and regulatory reporting platform helps both domestic and global institutions comply with their regulatory obligations, while its Nasdaq Calypso platform helps clients simplify their capital market operations.
R.G. Manalac, Senior Vice President, Asia Pacific at Nasdaq added: 'Our growing presence in the Philippines complements the country's extraordinary development as one of the fastest growing economies in the ASEAN region. With growth of course comes challenges and we are excited to be working with leading domestic and global banks in the Philippines as they continue to innovate and scale in this digital and increasingly AI driven age. Our solutions spanning across capital markets, regulation, and risk management continue to prove critical as these firms look to expand their businesses in a scalable and efficient manner.'
Around the world, Nasdaq's technology is used by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.
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Coin Geek
2 days ago
- Coin Geek
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Back to the top ↑ Crypto, fintechs seek Trump's help v JPMorgan Back to JPMorgan, on July 23, a coalition of fintech and crypto firms sent a joint letter to the White House asking for help in kiboshing plans by the Wall Street banker to impose new fees for accessing bank customers' data. JPM announced the fees, which target third-party data aggregators like Plaid that serve as bank-to-fintech bridges, a couple of weeks ago. Crypto operators are rightfully concerned that the aggregators will pass on the costs of the fees. So the Blockchain Association, the Crypto Council for Innovation, and the Digital Chamber all added their names to the letter sent to President Trump. The letter begins with some flattery about the president consistently standing for 'innovation, competition, and individual freedom.' The letter then warns of the grave threat that 'large, incumbent banks' pose to life, liberty, and the pursuit of speculative riches. 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Reuters
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