BSX launches NASDAQ’S X-stream trading platform

The Bermuda Stock Exchange have launched the NASDAQ’S X-stream trading platform.

NASDAQ and the BSX said this will help strengthen the Bermuda Stock Exchange.

Greg Wojciechowski, president and CEO of the BSX, said in a press release: “The Bermuda Stock Exchange has always been focused on investing in technology that ensures that our trading platform is among the most advanced in the world and that further extends our leadership over other competing exchanges. By deploying the industry’s leading trading engine, we are making clear to the domestic and foreign markets that we are dedicated to operating a powerful, open marketplace.”

He said BSX and its members will benefit from significant enhancements in performance, latency and throughput capacity by upgrading to NASDAQ OMX’s proven exchange technology.

NASDAQ OMX technology is used by over 70 marketplaces in 50 countries. Operating with X-stream technology, BSX will be the most powerful trading venue in the Caribbean and offshore markets as defined by performance, latency and throughput. 

“It is an honour to be powering Bermuda’s premier marketplace with our trading technology,” said Lars Ottersgård, senior vice president of NASDAQ OMX. “X-stream’s core functionality will give BSX a lot of different capabilities to move into different product areas and have high-order capability. Partnering with BSX as it pursues robust domestic and international growth initiatives widens its leadership position in the off-shore business.”