NDAQ - B3 and Nasdaq will develop new Brazilian clearing platform

2023-07-10 06:28:31 ET

• B3 and Nasdaq ( NASDAQ: NDAQ ) join hands to develop a new clearing platform for the Brazilian stock exchange.
• The multi-year work schedule between B3 and Nasdaq will see close collaboration between engineering teams, drawing on Nasdaq’s expertise in providing real-time clearing solutions to over 20 central counterparty clearing houses worldwide.
• "Incorporating Nasdaq’s clearing technology has the power to bring substantial benefits to B3 and support the rapid growth of the Brazilian market. We also welcome the opportunity to enhance our own post trade products and solutions by collaborating with innovative market infrastructure groups like B3," siad Nasdaq’s executive VP and Head of Marketplace Technology Roland Chai.

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