SIX Swiss Exchange Joins Nasdaq to Leverage Chain’s Technology for OTC

SIX Swiss Exchange and Nasdaq, Inc. (Nasdaq:NDAQ) today announced that Nasdaq, in collaboration with its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology partner Chain, will provide distributed ledger technology (DLT) for a Minimum Viable Product (MVP) for SIX’s OTC structured products business.

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According to the developers, the solution will integrate with several systems currently managed by SIX and utilize the DLT capabilities at the core of the Nasdaq Financial Framework, Nasdaq’s next-generation enterprise architecture stack. SIX explains that with the MVP, it gains first-hand experience regarding the implementation of a blockchain solution and investigating how to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term blockchain technology for SIX and its members in the post-trade environment.

“We are always keen to explore innovative technologies which could serve as basis for wider commercial offering,” said Chris Landis, Division CEO SIX Swiss Exchange. “Working together with Nasdaq reinforces our commitment towards being an exchange at the technology forefront.”

“Nasdaq is a strong believer in the power of emerging technologies to transform financial markets,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “This project with SIX Swiss Exchange, one of our long-term partners, is a prime opportunity to explore and implement blockchain technology in a controlled, highly collaborative environment.”

Back in May of this year, Nasdaq and Citi Treasury and Trade Solutions announced a new integrated payment solution that enables straight through payment processing and automates reconciliation using blockchain technology. It also leverages Chain’s blockchain infrastructure platform.