OSE selects Nasdaq's technology to modernize its derivatives infrastructure, enhancing Japan's global market competitiveness and operational integrity.
Quiver AI Summary
Nasdaq has partnered with the Japan Exchange Group's Osaka Exchange (OSE) to implement its advanced Eqlipse Trading and Market Surveillance technology platforms, marking a significant advancement in OSE's infrastructure for derivatives trading. This collaboration aims to enhance Japan's global competitiveness in the derivatives market by modernizing OSE's operational capabilities, ensuring performance, resilience, and integrity. OSE's President, Ryusuke Yokoyama, expressed confidence in the partnership, highlighting an improved trading environment for all stakeholders. The new technology will enable OSE to quickly adapt to market changes, support multi-asset trading with ultra-low latency, and strengthen market integrity through advanced analytics. This initiative reinforces Nasdaq's longstanding relationship with Japan's financial ecosystem, as it continues to provide critical technology solutions to multiple institutions within the region.
Potential Positives
- OSE's selection of Nasdaq's advanced Eqlipse Trading and Market Surveillance technology platforms marks a significant modernization step that enhances Japan's global competitiveness in the derivatives market.
- The expanded partnership demonstrates OSE's commitment to world-class infrastructure, enabling agile deployment of new products and services while maintaining operational excellence.
- Integration of advanced analytics and AI capabilities within the Nasdaq Market Surveillance technology strengthens OSE's market integrity framework, reinforcing trust among market participants.
- Nasdaq’s long-standing partnership with Japan’s financial services ecosystem supports a broader modernization effort, enhancing the overall financial infrastructure in Japan.
Potential Negatives
- Dependence on Nasdaq's technology could expose OSE to risks related to service disruptions or technology failures, impacting trading operations.
- The announcement emphasizes OSE's need for modernization, which may highlight deficiencies in their current systems and raise concerns about their competitiveness in the market.
- Forward-looking statements regarding the capabilities of Nasdaq's technology platforms include inherent risks and uncertainties, indicating potential for discrepancies between expectations and actual performance.
FAQ
What technology did OSE select for its modernization?
OSE selected Nasdaq's Eqlipse Trading and Market Surveillance technology platforms to enhance its derivatives infrastructure.
How will this partnership benefit Japan's derivatives market?
The partnership aims to strengthen Japan's global competitiveness and provide a safer, more efficient trading environment.
What does Nasdaq provide beyond the OSE partnership?
Nasdaq provides critical technology solutions to many of Japan's largest financial institutions, including regulatory technology and risk management solutions.
What are the capabilities of the Eqlipse Trading platform?
Eqlipse Trading offers ultra-low latency, flexibility to adapt to market changes, and robust risk management tools.
How does Nasdaq's technology support global capital markets?
Nasdaq's technology is utilized by key financial institutions worldwide, enhancing liquidity, transparency, and integrity across global markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- JEREMY SKULE (EVP, CSO) has made 0 purchases and 3 sales selling 6,315 shares for an estimated $566,644.
- JOHN ZECCA (EVP, Global CLO) sold 4,500 shares for an estimated $450,045
- BRYAN EVERARD SMITH (EVP, CPO) sold 4,633 shares for an estimated $419,610
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$NDAQ Revenue
$NDAQ had revenues of $2B in Q3 2025. This is an increase of 2.94% from the same period in the prior year.
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$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 3 times. They made 3 purchases worth up to $115,000 on 10/22, 10/09, 09/19 and 0 sales.
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$NDAQ Hedge Fund Activity
We have seen 569 institutional investors add shares of $NDAQ stock to their portfolio, and 430 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANE STREET GROUP, LLC removed 6,051,447 shares (-84.0%) from their portfolio in Q3 2025, for an estimated $535,250,487
- BLACKROCK, INC. added 3,083,656 shares (+8.3%) to their portfolio in Q3 2025, for an estimated $272,749,373
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- HARRIS ASSOCIATES L P removed 1,866,321 shares (-24.0%) from their portfolio in Q3 2025, for an estimated $165,076,092
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- DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,659,015 shares (-64.9%) from their portfolio in Q3 2025, for an estimated $146,739,876
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$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/30/2026
- JP Morgan issued a "Overweight" rating on 01/30/2026
- Morgan Stanley issued a "Overweight" rating on 01/15/2026
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$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 7 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $108.0.
Here are some recent targets:
- Michael Cho from JP Morgan set a target price of $101.0 on 01/30/2026
- Michael Cyprys from Morgan Stanley set a target price of $116.0 on 01/30/2026
- Benjamin Budish from Barclays set a target price of $115.0 on 01/30/2026
- Ashish Sabadra from RBC Capital set a target price of $108.0 on 01/30/2026
- Bill Katz from TD Cowen set a target price of $105.0 on 01/30/2026
- Alex Kramm from UBS set a target price of $120.0 on 01/12/2026
- Patrick O'Shaughnessy from Raymond James set a target price of $100.0 on 10/13/2025
Full Release
OSE's technology modernization strengthens Japan's position as a leading global derivatives market
Expands Nasdaq's comprehensive technology partnership across Japan's financial services ecosystem
TOKYO and NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Japan Exchange Group's Osaka Exchange (OSE) has selected Nasdaq's advanced Eqlipse Trading and Market Surveillance technology platforms for its next-generation derivatives infrastructure. This strategic technology partnership represents a significant step forward in OSE's modernization journey, positioning Japan's derivatives market for enhanced global competitiveness and future growth opportunities.
Ryusuke Yokoyama, President & CEO of OSE, said: “I am very pleased that we have selected Nasdaq as our development partner. We have built a strong relationship of trust with Nasdaq over many years in the field of market infrastructure, and this new initiative will further reinforce our long‑term collaboration. The platform will significantly enhance the foundation of derivatives trading at OSE, and by combining Nasdaq’s expertise with our own experience, we believe we can provide all market stakeholders with a safer and more efficient trading environment.”
The expanded partnership reflects OSE's commitment to deploying world-class infrastructure that can adapt to evolving market dynamics while maintaining the highest standards of performance, resilience, and integrity. The advanced platforms will provide OSE with the agility to rapidly deploy new products and services, scale efficiently with growing volumes, and future-proof operations for emerging market opportunities.
“The evolution of global capital markets demands infrastructure that can not only meet today's requirements but anticipate tomorrow's opportunities,” said Magnus Haglind, Head of Capital Markets Technology at Nasdaq. “OSE's modernization program reflects their commitment to delivering world-class market infrastructure that enhances Japan's position as a leading global derivatives market. Our technology will provide OSE with the agility and advanced capabilities needed to serve their clients while positioning for future innovation and growth.”
Advanced Technology Platforms Enhance Market Operations and Integrity
Market operators worldwide are navigating an increasingly complex operating environment characterized by changing investor expectations, evolving market structure, and competitive pressures. As markets rapidly evolve, exchange operators are investing in next-generation technology platforms that offer the flexibility, scalability, and advanced capabilities necessary to capture new growth opportunities while maintaining operational excellence.
OSE's adoption of Nasdaq Eqlipse Trading will provide enhanced performance capabilities, supporting multi-asset trading with ultra-low latency and the flexibility to adapt to changing market conditions. The platform's scalable architecture will enable OSE to efficiently manage volume fluctuations while providing market participants with robust risk management tools and market-standard APIs.
The integration of Nasdaq Market Surveillance technology will further strengthen OSE's market integrity framework, leveraging advanced analytics and AI-powered capabilities to detect and investigate potential market abuse.
Strengthening Japan's Financial Market Infrastructure Partnership with Nasdaq
This announcement builds upon Nasdaq's deep and longstanding technology partnership with Japan's financial services ecosystem. Beyond OSE, Nasdaq provides mission critical technology to many of Japan’s largest institutions including market leading capital markets, treasury, and regulatory solutions with its Calypso, AxiomSL, and Trade Surveillance platforms.
“Nasdaq's partnership with Japan's financial services ecosystem spans decades, reflecting our deep commitment to supporting the modernization and growth of Japan's capital markets,” said R.G. Manalac, Senior Vice President, Asia Pacific at Nasdaq. “From market infrastructure to regulatory technology and risk management solutions, we are proud to serve as a strategic technology partner across the fabric of Japan's financial system. This expanded partnership with OSE reinforces our role in helping Japanese markets compete and innovate on the global stage.”
Global Technology Leadership in Market Infrastructure
Around the world, Nasdaq's technology is used by all global systematically important banks, over half of the world's top 25 stock exchanges, more than 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.
Notes to editors
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contacts:
Andrew Hughes; +44 (0)7443 100896; [email protected]
Sophie Sophaon; +852 6305 7060; [email protected]
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Cautionary Note Regarding Forward-Looking Statements :
Information set forth in this press release contains “forward-looking statements” that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “enables,” “will,” and "can" and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the availability, features, benefits and capabilities of Nasdaq Eqlipse Trading and Market Surveillance technology platforms. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's investor relations website at http://ir.nasdaq.com and the SEC's website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.