Nasdaq Launches Corporate Bond Exchange

Nasdaq announced that it launched a Corporate Bond exchange for listing and trading of corporate bonds. The Securities and Exchange Commission approved this exchange on November 13, 2018. PepsiCo claimed the inaugural listing on November 27 when it announced it will transfer the securities exchange listing for four separate senior notes due between 2021 and 2028. This new exchange will run on the Nasdaq Stock Market license and will be powered by the Nasdaq Financial Framework, Nasdaq’s market infrastructure technology platform. Surveillance will be conducted by the Nasdaq Regulatory team, including use of its global market surveillance system, SMARTS.