The Jamaica Stock Exchange (JSE) has successfully gone live with Nasdaq Matching Engine and Nasdaq Market Surveillance, enabling it to introduce new products and services, and attract investors.
The matching engine technology, which is built upon the cloud-enabled Nasdaq Financial Framework, will bolster the JSE's ability to manage a range of trading functions – from price formation to order matching.
Managing Director of the Jamaica Stock Exchange, Marlene Street Forrest, says the stability of the new platform will encourage more secondary market activities in JSE-listed companies.
She also noted that the exchange plans to introduce more products and services to the market.
These include short selling, trading on margin and options trading – all of which are expected to be implemented this year using Nasdaq Technology.