Nasdaq Partners With B3, Builds Clearing Platform For Brazilian Stock Exchange
Portfolio Pulse from Lekha Gupta
Nasdaq Inc has partnered with B3 to create a new clearing platform for the Brazilian stock exchange. The platform will facilitate the clearing, settlement, and management of counterparty risk related to financial market trades. Nasdaq will use its expertise to offer real-time clearing solutions to over 20 central counterparty clearing houses globally. In exchange, the Brazilian stock exchange will aid advancements in Nasdaq's clearing platform.
July 10, 2023 | 9:43 am
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POSITIVE IMPACT
Nasdaq's partnership with B3 to create a new clearing platform for the Brazilian stock exchange could potentially increase its global influence and revenue streams.
The partnership with B3 allows Nasdaq to expand its services and influence to the Brazilian market, potentially increasing its revenue streams. This could positively impact the company's stock price in the short term.
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