B3 and Nasdaq Announce Partnership to Develop New Clearing Platform
Portfolio Pulse from Benzinga Newsdesk
B3 and Nasdaq (NASDAQ:NDAQ) have announced a partnership to develop a new clearing platform for the Brazilian stock exchange. The multi-year collaboration will involve close work between engineering teams, leveraging Nasdaq's expertise in real-time clearing solutions and B3's experience in operating high-volume markets.
July 10, 2023 | 8:02 am
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POSITIVE IMPACT
Nasdaq's partnership with B3 to develop a new clearing platform for the Brazilian stock exchange could potentially enhance its global reputation and increase its market share.
The partnership with B3 could enhance Nasdaq's reputation as a provider of real-time clearing solutions, potentially attracting more clients and increasing its market share. The impact on the stock price is likely to be positive in the short term.
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