Nasdaq confirms launch of futures trading platform early 2019

04 Dec, 2018
by Arthur Sillers
News
Nasdaq confirms launch of futures trading platform early 2019

Following rumors last week that Nasdaq has been working on launching a bitcoin futures trading platform, the New York based stock exchange has confirmed that it plans on launching a platform early next year, according to Express UK.

Nasdaq has yet to get the confirmation from the CFTC it will need to officially launch, but its no doubt they are already in talks, and if their public confirmation is any indication, they are already feeling confident about their regulatory prospects. Joseph Christinat, Vice President of Nasdaq’s media team, said in fact, “We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time – way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”

To that end, the news of the confirmation is some welcome positivity for a downturned market, though Nasdaq may be fighting an uphill battle introducing a trading platform if the market doesn’t show some upward mobility.

Notably, Nasdaq’s plan to launch a futures trading platform early in 2019 will coincide with the launch of Bakkt, which is backed mostly by the New York Stock Exchange, a competing enterprise to Nasdaq, appropriately enough. The friction between these two endeavors, as well as investors interested in using the services they provide may be what ends up turning a crashing market positive at long last.

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