Nasdaq to Provide Technology for New ATS

PureStream Trading Technologies Inc announced it has selected Nasdaq to power its new PureStream alternative trading system (ATS) via the Nasdaq Execution Platform. PureStream, is on target for a Q2 2021 launch, subject to U.S. regulatory approvals. As part of the agreement, Nasdaq will fully host the PureStream ATS on its Nasdaq Execution Platform, including managing system operations, as well as portions of risk controls, venue surveillance, trade reporting and clearing facilitation. The technology enables flexibility and provides PureStream the ability to integrate new applications and functionalities as the company evolves and expands its platform.