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Topic: Nasdaq to Provide Trading Technology for Bitcoin Marketplace (Read 2441 times)

legendary
Activity: 1778
Merit: 1042
#Free market
Nasdaq has agreed to provide New York-based start-up Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital currency assets.  According to a joint statement provided to The Wall Street Journal, Noble’s platform will use Nasdaq’s X-stream trading system, a hi-tech system for matching market participants’ orders that is used by more than 30 exchanges and marketplaces worldwide.

The agreement follows other Wall Street initiatives that could pave the way for financial institutions to own and trade digital currencies, which fans say have the potential to make the global financial system more efficient but which have also been marred by price fluctuations, investment scams and cybersecurity concerns. Recent developments include: the New York Stock Exchange’s investment in bitcoin exchange Coinbase; regulatory approval of public trading in the Digital Currency Group’s Bitcoin Investment Fund; former JPMorgan Chase executive Blyth Masters’ appointment to a lead new digital-asset settlement service; and news on Monday that former NYSE chief executive Duncan Niederauer will work as an adviser to bitcoin derivatives platform TeraExchange.

http://www.perthnow.com.au/business/breaking-news/nasdaq-helps-start-up-noble-to-set-up-platform-to-trade-bitcoin/story-fnn9c0ha-1227283026260
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
Surely when this opens up BTC will see a decent jump in price... (One can dream)  Cheesy
Seems like it has been the opposite. Price currently at 245, used to be above 260 a couple days ago. I'm not that big of a trader and I don't know much about trading but it seems like this has been the only news near the price fall. Is this the direct cause?
I think around the nasdaq news happened, someone stole like 15 million dollars worth of bitcoin or something.. Not sure what the whole story though :p
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
Surely when this opens up BTC will see a decent jump in price... (One can dream)  Cheesy
Seems like it has been the opposite. Price currently at 245, used to be above 260 a couple days ago. I'm not that big of a trader and I don't know much about trading but it seems like this has been the only news near the price fall. Is this the direct cause?
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
Surely when this opens up BTC will see a decent jump in price... (One can dream)  Cheesy
Q7
sr. member
Activity: 448
Merit: 250
Epic! The word Nasdaq itself already means something. Imagine all the positive changes it would bring especially when you have a technology proven reliable that handles trillion of dollars of trades per day. It would facilitate trade and secure traders trust in having a platform considered reliable. I mean with that you could expect more funds coming in.
legendary
Activity: 2044
Merit: 1008
Nasdaq OMX Group Inc. has agreed to provide New York-based startup Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets.
According to a joint statement provided to The Wall Street Journal, Noble’s platform will use Nasdaq’s X-stream trading system, a high-tech system for matching market participants’ orders that is used by more than 30 exchanges and marketplaces worldwide. Nasdaq will also provide marketing support.

More at : http://www.reddit.com/r/Bitcoin/comments/301sqy/nasdaq_to_provide_trading_technology_for_bitcoin/

Amazing news, This is going to be BIG. Cant wait to see how it effects the price. Although I dont really care abt the price. Wink
You must be very rich if money is no concern for you then! Anyway, back to the topic, these are big news indeed, with support like that I feel like big companies like Amazon or Valve would be closer to accepting bitcoin. And if that happen... well, domino effect is real!

Imo as long as these big merchants sell bitcoins to usd through payment processors i don't see them adopting bitcoin making the price rise at all. Yes people buy bitcoin to pay but on the other side they get sold immediately.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
Nasdaq OMX Group Inc. has agreed to provide New York-based startup Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets.
According to a joint statement provided to The Wall Street Journal, Noble’s platform will use Nasdaq’s X-stream trading system, a high-tech system for matching market participants’ orders that is used by more than 30 exchanges and marketplaces worldwide. Nasdaq will also provide marketing support.

More at : http://www.reddit.com/r/Bitcoin/comments/301sqy/nasdaq_to_provide_trading_technology_for_bitcoin/

Amazing news, This is going to be BIG. Cant wait to see how it effects the price. Although I dont really care abt the price. Wink
You must be very rich if money is no concern for you then! Anyway, back to the topic, these are big news indeed, with support like that I feel like big companies like Amazon or Valve would be closer to accepting bitcoin. And if that happen... well, domino effect is real!
legendary
Activity: 2044
Merit: 1008
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
i think doge is stupid as fuck and i doubt i've owned it before but i really want it to succeed. i too want to witness them shouting about it and hopefully speaking dogecoinese

Huge markets, much news, wow!

Ok, ok. I couldn't resist Cheesy Whatever it's eventual fate, doge is fun Cheesy
sr. member
Activity: 392
Merit: 250
i think doge is stupid as fuck and i doubt i've owned it before but i really want it to succeed. i too want to witness them shouting about it and hopefully speaking dogecoinese
legendary
Activity: 1568
Merit: 1001
Interesting, 3rd quarter starting after a week from today. Good to see the hogs getting trading engines to help them feel secure and legit to play in the btc game. This allows them to put both feet in rather than just a toe. Gemini and the ETF will boost this market further.
legendary
Activity: 1061
Merit: 1001
hero member
Activity: 770
Merit: 509


How long is it till we see them screaming about bitcoin and doge?  Grin

More and more big boys coming aboard. We will see some pretty interesting things in the next few years.

I certainly hope so, but I fear these guys getting involved will just cause more booms and busts. I guess we can only wait and see but more people or industries getting involved should hopefully be a good thing.
Lol it would be a sight to behold: grown suited up men talking about buying dogecoins stressed out at pumps and dumps.
hero member
Activity: 1372
Merit: 783
better everyday ♥
hero member
Activity: 546
Merit: 500
wow, if this news is true, then it would be good for the future of bitcoin, because more and more people get to know BTC and make trades.
I hope bitcoin will continue to thrive
legendary
Activity: 1778
Merit: 1042
#Free market
Now I think bitcoin will be really mainstream and the price will go to the moon! Will you participate to nasdaq as investors or not?
I'm sure many people who just trade btc for profit and not the actual currency. This will make it easier for them and probably slim some margins on trading as well. I think its good for all of us.

Yes of course, it is a fantastic news for all who want to convert bitcoin >> FIAT money. I hope to see an huge pump because I want to sell some bitcoins for euros.



You really made my day !
member
Activity: 64
Merit: 10


How long is it till we see them screaming about bitcoin and doge?  Grin

More and more big boys coming aboard. We will see some pretty interesting things in the next few years.

I certainly hope so, but I fear these guys getting involved will just cause more booms and busts. I guess we can only wait and see but more people or industries getting involved should hopefully be a good thing.
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
Wait hold on, will nasdaq just make a tradeable "number" just like other stocks where you are just trading numbers around and not actually owning the bitcoin? or will you ACTUALLY have the bitcoin withdrawable and depositable like a regular exchange.
hero member
Activity: 574
Merit: 500
Nasdaq OMX Group Inc. has agreed to provide New York-based startup Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets.
According to a joint statement provided to The Wall Street Journal, Noble’s platform will use Nasdaq’s X-stream trading system, a high-tech system for matching market participants’ orders that is used by more than 30 exchanges and marketplaces worldwide. Nasdaq will also provide marketing support.

More at : http://www.reddit.com/r/Bitcoin/comments/301sqy/nasdaq_to_provide_trading_technology_for_bitcoin/

Amazing news, This is going to be BIG. Cant wait to see how it effects the price. Although I dont really care abt the price. Wink
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