Nasdaq and the Philippine Stock Exchange Inc. (PSE) announced a significant expansion of their technology partnership, with PSE set to upgrade its trading infrastructure to Nasdaq Eqlipse Trading, Nasdaq’s most advanced platform.
Nasdaq Eqlipse is the result of 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. It also offers a flexible deployment model to help reduce operational burdens and provide options for 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,” said PSE president and chief executive Ramon Monzon.
“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 Monzon
The recently launched Nasdaq Eqlipse platform is the fourth generation of its multi-asset marketplace technology suite.
This marks a major milestone in Nasdaq’s five-year investment cycle to develop and gradually roll out a fully interoperable suite of solutions across trading, clearing, central securities depository, and data intelligence. This harmonized portfolio enhances Nasdaq’s ability to form deeper strategic technology partnerships with its clients, which include more than 135 infrastructure providers globally.
“The launch of Nasdaq Eqlipse follows years of investment and development to reinforce our ability to enhance liquidity, transparency, and integrity across global capital markets,” said Magnus Haglind, njead 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,” said Haglind.
Nasdaq has deep technology partnerships across the Philippines, helping to drive modernization throughout the country’s financial services industry.
