Nasdaq, Inc. NDAQ disclosed the upcoming launch of PureStream, a volume-based trajectory trading solution that will provide clients access to EU shares on Nasdaq Europe.
PureStream, which is currently available in the U.S. and Canada, is expected to debut on Nasdaq Europe in the first quarter of 2025, pending regulatory approval.
PureStream on Nasdaq Europe offers a venue-operated trajectory trading service with conditional indications of interest.
It is expected to enhance collaboration among institutional investors with shared execution goals and provide access to algorithmic liquidity tailored to their volume targets.
The solution enhances price and liquidity discovery through open-ended liquidity transfer rates, enabling institutional investors to reduce market impact.
It automates parent order execution by allowing trades at a percentage of the market’s future volume based on the volume-weighted average price (VWAP).
Nikolaj Kosakewitsch, Senior Vice President and Head of European Equities & Derivatives at Nasdaq, said, “This launch underscores our commitment to offering world-class platforms that support the evolving needs of the global capital markets.”
”PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”
Investors can gain exposure to the stock via Listed Funds Trust Horizon Kinetics Blockchain Development ETF BCDF and iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI.
Price Action: NDAQ shares are up 0.17% at $70.99 premarket at the last check Tuesday.
Photo via Shutterstock
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