Noble Markets is to implement Nasdaq's X-stream trading technology for the company's soon to be launched digital currency marketplace.
"Noble was founded on the principal of bringing credible market structure and institutional trading expertise to the cryptocurrency marketplace. All customers demand a fair and orderly market, the best possible pricing and confidence trades will be completed efficiently," says John Betts, CEO and Founder of Noble Markets. "We are excited that Nasdaq shares our vision and commitment to support the development of this ground-breaking market. Our Marketplace, powered by X-stream, allows us to leverage a proven and trusted venue that supports global trading worth billions of dollars reliably, every day. We look forward to more exciting announcements over the coming months."
Noble's marketplace platform will provide their institutional market participants, liquidity providers and other cryptocurrency and bitcoin exchanges the benefits of Nasdaq's low latency, highly transparent marketplace for cryptocurrency trading activity.
"As one of the world's leading providers of technology to the capital markets, Nasdaq is dedicated to discovering and supporting new and emerging technologies and marketplaces," says Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. "We are thrilled to work with the experienced industry veterans at Noble Markets and look forward to supporting their cutting-edge, new endeavor for the long-term in addressing the needs of the digital currency space."