Nasdaq to Power Digital Currency Marketplace for Noble Markets

New institutional cryptocurrency marketplace will operate X-stream trading technology

NEW YORK, March 24, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and Noble Markets, announced today that Noble Markets will implement Nasdaq's X-stream trading technology for the company's soon to be launched digital currency marketplace. X-stream is the most widely used exchange trading technology in the world, powering more than 30 marketplaces globally.

"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," said 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," said 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."

Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across North and Latin America, Europe, Asia, Australia, Africa and the Middle East.

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