Trading Place Nasdaq – Nasdaq operators want even faster trading … – Finanzen100

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New York is already known for its fast life. Can Bitcoin technology increase the tempo yet? (© Stocksnapper / Shutterstock.com)

On the floor are often about minutes – soon perhaps to seconds? The exchange operator Nasdaq OMX Group Inc. intends to accelerate trade and simplify and has for an innovation taken into view: Bitcoins! Or rather, the technology that is used to take action with the digital currency.

The implementation should take place as soon as a project in the business of private enterprises of the stock market operator

will go live in the fourth quarter. Nasdaq is working with the infrastructure supplier chain together to output on the block chain shares of unlisted companies and to act. The block chain is a public online directory of all transactions and forms the backbone of the digital currency Bitcoin.

Bitcoin technology important for exchanges

The technology will” be for Wall Street is fundamental, “said Nasdaq CEO Bob Greifeld on Thursday. “The advantages for the industry are immense and can not be ignored.”

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Proponents of software that allow trade of all possible – of shares through loans to derivatives – accelerated and simplified. Wall Street professionals were called in a recent survey by Greenwich Associates, the block chain well; 94 percent said they could be used in the financial sector.

Modern, rational, safe?

“We are planning to continue further block chain initiatives to announce,” Greifeld told a conference call with analysts. “The application of the block chain technology within the private market of Nasdaq aims to modernize cumbersome administrative functions to streamline and truly secure.”

Other companies want to take advantage of the technology behind Bitcoins advantage. Symbiont wants to transfer more quickly from vendors, for example on the block chain assets on buyers, and gathered last month for $ 1.25 million. At the financing round to industry heavyweights such as former head of the New York Stock Exchange Duncan Niederauer and the former manager of Citadel LLC Matt Andresen and two founders of the high-frequency trading firm Getco LLC, Dan Tierney and Stephen Schuler involved.

Large prospective

Among the companies that look at the possibilities of the block chain in the financial sector, there are also digital asset Holdings LLC Blythe Masters, a former banker from JPMorgan Chase & amp; Co., as well as block stack, which is headed by former employees of Google Inc. and Nasdaq.

Bloomberg News / lis