Nasdaq has revealed plans to expand into forex. The company is planning a new trading platform for the cryptocurrency and will be launching it in early 2018. Increasingly, stock exchanges have been striving to take a leading role in forex markets as regulatory pressure forces more trading onto exchanges. Exchanges are well placed to address counterparty risk concerns, which were highlighted in January when the Swiss National Bank caught the market by surprise, resulting in the downfall of a handful of brokers. Nasdaq said the move will diversify its business, and bring a new level of transparency to a market which has been troubled by market manipulation allegations and seen major banks penalised by regulators.
Nasdaq has revealed plans to expand into forex. It is currently testing a new platform which it plans to launch in 2016. Increasingly, stock exchanges have been striving to take a leading role in forex markets as regulatory pressure forces more trading onto exchanges. Exchanges are well placed to address counterparty risk concerns, which were highlighted in January when the Swiss National Bank caught the market by surprise, resulting in the downfall of a handful of brokers. Nasdaq said the move will diversify its business, and bring a new level of transparency to a market which has been troubled by market manipulation allegations and seen major banks penalised by regulators.