The National Stock Exchange (NSE) has signed a technology agreement with Nasdaq, to source technology for offering customized real-time clearing, risk management and settlements.
The agreement will executed over the next 24 to 36 months. Nasdaq has also signed an agreement with NSEIT to utilize its capability for implementing project augmentation globally.
Further, Adena Friedman, Nasdaq president and CEO stated, “We provide technology to nearly 100 exchanges across the world. Our agreement with the NSE will help in delivering customized real-time clearing, risk management and settlement technology on Nasdaq platform to NSE.”