Put into use next month! Nasdaq and Stifel partner to build alternative trading system

Source: Finance Magnates 2020-05-22

US financial services companies Stifel and Nasdaq announced this week that Stifel will use Nasdaq technology to develop new alternative trading systems . The Stifel Crossing platform (STFX) is scheduled to go live next month and will provide liquidity for 3500 institutional clients.

The system will use the company's large retail order flow to enhance Stifel's trading capabilities. STFX also provides seamless integration services that are both flexible and innovative, while also meeting all regulatory requirements.

Hugh Warns, head of global equity at Stifel, said: "By leveraging Nasdaq's technology, we can revolutionize the way we provide execution and trading services to our customers, while also achieving cost-effectiveness.

Stifel operates one of the largest stock trading platforms. In 2019, more than 4,000 stocks were traded on the platform, with a trading volume of 6.6 billion shares.

Nasdaq ’s market technology helps more than 250 market participants in more than 50 countries, including broker-dealers, exchanges, clearing houses, central securities depository and regulatory agencies, and provides end-to-end technology solution.

Stifel

Nasdaq

STFX

trading platform

solution

Put into use next month! Nasdaq and Stifel partner to build alternative trading system

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