Nasdaq, Inc. (NDAQ) has announced the upcoming launch of PureStream, a volume-based trajectory trading solution, on Nasdaq Europe. This expansion will provide clients with access to EU shares using a sophisticated trading method currently available in the U.S. and Canada.
PureStream on Nasdaq Europe will operate as a venue-operated trajectory trading service, facilitating conditional indications of interest. This platform is expected to enhance collaboration among institutional investors by providing them with access to algorithmic liquidity tailored to their volume targets. It is designed to enhance price and liquidity discovery through open-ended liquidity transfer rates, enabling institutional investors to reduce market impact.
PureStream automates parent order execution by allowing trades at a percentage of the market’s future volume based on the volume-weighted average price (VWAP). This innovative approach offers investors a more strategic way to manage their trades while reducing market volatility.
Nikolaj Kosakewitsch, Senior Vice President and Head of European Equities & Derivatives at Nasdaq, highlighted the significance of the launch, stating, “This launch underscores our commitment to offering world-class platforms that support the evolving needs of the global capital markets.” He further added, “PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”
Investors interested in gaining exposure to Nasdaq can consider the Listed Funds Trust Horizon Kinetics Blockchain Development ETF (BCDF) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
At the time of writing, NDAQ shares are up 0.17% at $70.99 premarket.
