Core Insights - Nasdaq Inc. and Amazon Web Services have expanded their partnership to offer Nasdaq's Calypso platform as a fully managed service on AWS, aiming to streamline capital markets and treasury operations by eliminating infrastructure maintenance [1][4]. Group 1: Partnership and Service Offering - The managed service allows clients to manage front-to-back-office workflows, risk, and compliance with faster rollouts and regular updates, facilitating the modernization of legacy systems in a resilient environment [2][5]. - Magnus Haglind from Nasdaq described this partnership as a "strategic inflection point" for market participants facing fragmented systems and increasing regulatory demands [3]. Group 2: Technological Advancements - The cloud-managed services provide the necessary flexibility and scalability for financial institutions to innovate while maintaining critical legacy operations, enhancing Calypso's performance, scalability, and security [4]. - The service model supports standardized implementations, simpler testing environments, and quicker access to new features, enabling AI-driven analytics across various financial operations [5]. Group 3: Market Impact - Nasdaq's technology supports 97% of global systemically important banks and half of the top 25 stock exchanges, indicating its significant presence in the financial services sector [5]. - Following the announcement, NDAQ shares saw a slight increase of 0.11% to $87.25 in premarket trading [6].

NASDAQ Developments - NASDAQ has requested the SEC to allow trading of clearly labeled equivalent rights tokenized shares as traditional stocks, marking a significant move to integrate blockchain technology into US equity markets [2][3] - Tokenized securities are digital representations of stocks that can enhance liquidity, support fractional ownership, and provide access to overseas investors [3] - The proposal seeks to amend existing rules to permit tokenized stocks to be traded similarly to traditional equities, addressing fundamental questions about stock issuance, definition, and settlement [4][5] Gemini Partnership - NASDAQ has become a strategic investor in Gemini Space Station, a cryptocurrency exchange founded by the Winklevoss twins, as it prepares for an IPO [6][7] - Gemini holds approximately $20 billion in assets and has processed nearly $300 billion in lifetime trading volume, offering various digital asset services [8] - The firm aims to raise around $300 million in its IPO, with NASDAQ investing $50 million in a private placement, enhancing access to Gemini's services for NASDAQ clients [9] CBOE Innovations - CBOE plans to launch continuous Bitcoin and Ether futures contracts later this year, pending regulatory review [10] - These contracts will have 10-year expirations, cash-settled, and aligned to real-time spot market prices, simplifying position management and reducing costs associated with periodic rolling [11] - The new products are expected to attract both retail and institutional traders, offering substantial advantages for long-term crypto exposure [12][13]

The Winklevoss twins stand on a rooftop overlooking Manhattan with the Nasdaq tower glowing below - Cover art/illustration via CryptoSlate. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has lined up Nasdaq as a strategic investor as it prepares to go public in New York this week, Reuters reported on Sept. 9, citing people briefed on the matter. According to the report, the share sale could raise up to $317 million, with Nasdaq expected to buy about $50 million of stock in a ...

By Echo Wang (Reuters) -Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has secured Nasdaq as a strategic investor as it moves forward with plans for a New York listing this week, according to two people familiar with the matter. Gemini, which could raise as much as $317 million in the initial public offering, has already lined up Nasdaq to buy $50 million in shares in a private placement at the time of the IPO, the people said, asking not to be identified becau ...