Nasdaq to Launch Non-Stop Auction Model in Europe
(This article first appeared on efinancialnews.com)
Nasdaq is planning to follow rival exchange Bats Europe with a new order book that will run auctions throughout the day on its European stock markets, in an attempt to allow investors to place large orders without being picked off by nimbler traders.
Nearly a dozen retail brokers have joined to evaluate how market infrastructure and rules should evolve.
The exchange's Bitcoin ETN future is most likely not going to be its last.
Clients will have the ability to interact with a larger liquidity pool while minimizing market impact.
The exchange's derivatives segment will close for trading on Friday 28 January 2022.
Exchange group aims to support new markets for digital assets, cryptocurrencies and NFTs.