69% of FCMs Plan Major Post-Trade Tech Spending Hike; Nasdaq's Calypso Platform Poised to Gain
NDAQ sits 18% above its 52-week low of $77.09.
Summary
A new study, conducted in association with Nasdaq, reveals that 69% of Futures Commission Merchants (FCMs) intend to increase their post-trade technology budgets over the next three years, with 46% planning increases exceeding 10%. The primary driver for this spending is the widespread reliance on outdated legacy systems. This trend presents a significant market opportunity for Nasdaq, which offers its Calypso clearing platform as a solution for risk, margin, and collateral management, directly addressing the pain points identified by FCMs. FIS is also mentioned as an incumbent vendor in this market. This increased demand for financial technology solutions could drive future revenue growth for Nasdaq's technology segment.
At the time of this announcement, NDAQ was trading at $91.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $51.5B. The 52-week trading range was $77.09 to $101.79. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Finance Magnates.