BCDF Overview

Partnership Expansion: Nasdaq and Amazon Web Services have expanded their partnership to offer Nasdaq’s Calypso platform as a fully managed service on AWS, aimed at streamlining capital markets and treasury operations by reducing infrastructure maintenance.

Technological Advancements: The collaboration enhances Calypso's performance and scalability, allowing financial institutions to modernize legacy systems, improve data flows, and leverage AI-driven analytics for better efficiency and growth.

Nuam and Nasdaq Partnership: Nuam, the unified entity of Santiago, Lima, and Colombia stock exchanges, has extended its partnership with Nasdaq to integrate their central securities depositories (CSDs) on Nasdaq's platform, enhancing post-trade processing efficiency and attracting global liquidity.

Impact on Latin American Markets: The collaboration aims to optimize connectivity and strengthen infrastructure in Latin America’s capital markets, as stated by Nuam CEO Juan Pablo Córdoba, ultimately boosting competitiveness and growth within the region's financial ecosystem.

Analyst Upgrade: Deutsche Bank analyst Brian Bedell upgraded Cboe Global Markets (CBOE) to a Buy rating and raised the price target to $222, citing strong revenue growth expectations through 2025 driven by market volatility and product innovation.

Financial Performance: Cboe reported third-quarter adjusted EPS of $2.22, exceeding estimates, and projected higher revenue growth rates for 2025 and 2026, with continued demand for index options expected despite challenging comparisons.

Tradeweb and TSE Collaboration: Tradeweb Markets Inc. has partnered with the Tokyo Stock Exchange to enhance institutional investor access to liquidity in Japanese ETFs through a direct link to TSE’s RFQ platform, CONNEQTOR, facilitating trade inquiries for Japan-listed ETFs.

Trading Performance: Despite missing earnings estimates for Q3 2024, Tradeweb reported significant trading volumes, with total trading reaching $54.7 trillion in October, while global ETF trading exceeded $1 trillion from Q1 to Q3 2024, reflecting a 30% year-over-year increase in Asia client volumes.

Launch of PureStream: Nasdaq, Inc. announced the upcoming launch of PureStream, a volume-based trajectory trading solution for EU shares on Nasdaq Europe, expected to debut in Q1 2025 pending regulatory approval.

Enhanced Trading Features: PureStream aims to improve collaboration among institutional investors by providing tailored algorithmic liquidity and automating order execution based on future market volume, thereby enhancing price and liquidity discovery.

Tradeweb Markets Performance: Tradeweb Markets Inc. reported a total trading volume of $56.1 trillion for September 2024, marking a significant increase from August's $50.9 trillion, with an average daily volume (ADV) of $2.63 trillion, up 68.3% year-over-year.

Stock Movement: TW shares rose by 3.45% to $129.99 on Friday, reflecting a 60% gain over the past year, as the company achieved record volumes in multiple asset classes during its best quarter ever.