According to reports, Nasdaq is set to launch a forex trading platform in 2016 in an attempt to gain a share of the decentralised $5.3tn per day forex market. This new platform would act as a rival to existing electronic forex trading platforms including EBS (owned by Thomson Reuters Dealing) and ICAP PLC. The move is set to provide a hedge against risk for Nasdaq as it begins to diversify away from its stock exchange activities. Nasdaq has also diversified into trading energy derivatives such as oil, gas and power futures.
According to reports, Nasdaq is set to launch a forex trading platform in 2016 in an attempt to gain a share of the decentralised $5.3tn per day forex market. This new platform would act as a rival to existing electronic forex trading platforms including EBS (owned by ICAP PLC) and Thomson Reuters Dealing. The move is set to provide a hedge against risk for Nasdaq as it begins to diversify away from its stock exchange activities. Nasdaq has also diversified into trading energy derivatives such as oil, gas and power futures.