The NASDAQ Certified Partners Program
The NASDAQ Certified Partners Program was created to inform market participants of which NASDAQ service bureaus provide the highest levels of NASDAQ functionality, access and timely implementation of enhancements. This program was designed to help customers make informed choices about which service bureau is the right solution for their business. The Certified Partners Program is an evaluation program that NASDAQ service bureaus must apply to when becoming a NASDAQ service bureau.
Certified Partners Program Fact Sheet (PDF)
Qualification Criteria Checklist (PDF)
Platinum Partners
Platinum Partners provide the highest level of NASDAQ functionality to their customers. They ensure that their trading products provide access to NASDAQ’s enhanced order types and routing strategies, access to the Opening and Closing Crosses, as well as many other NASDAQ features. In addition, Platinum firms implement enhancements within 30 days of the changes to the NASDAQ system.
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Bloomberg'sSell Side Equity Order Management System (SSEOMS) combines real-time trading with world class analytics and market data from the Bloomberg Professional service. SSEOMS includes dynamic Position Management, Order Management, Quote/Liquidity Management, as well as real time best execution analysis and reports. SSEOMS connects to NASDAQ, NYSE, Euronext, XETRA as well as to multiple U.S. Back Office systems (BETA, ADP, NFS, CSC, SIS, Pershing, Pragmatic, Bear Stearns and Spear Leads).
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Contact Number: 212.617.2200 |
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Fidessa manages the trading, order management, compliance and risk management for firms trading OTC or Listed securities. This is provided by utilizing the Fidessa connectivity services that provide access to a host of liquidity pools and gateways to receive orders. The advanced Fidessa trading applications such as "sweeping", smart routing and monitoring allow for the access to multiple sources of liquidity. Fidessa also provides a real-time integrated environment to monitor compliance and risk.
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Contact Number: 212.269.9000 |
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Citi’s electronic trading solutions, including the Lava technology, are developed as high-performance trading products for our clients and the financial services industry. These products are created as true ASP solutions built to withstand maximum volumes in the most volatile conditions. Our Lava technology was the first solution to truly consolidate market data distribution and order execution capabilities across all major liquidity sources, including NASDAQ, Listed exchanges, ECNs and ATSs. Our OTC, Listed and Foreign Exchange solutions are used by leading broker/dealers, market makers, hedge funds and institutional investors.
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Contact Number: 212.609.0100 |
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SunGard provides a suite of offerings allowing customers to manage their trading operations, which includes Brass, Broker Direct U2, UMA, IOI, Allocations and Compliance modules. The integrated platform provides customizable, open solutions, allowing clients to use automation wherever it makes sense.
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Contact Number: 201.499.5900 |
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Mixit is the world’s trusted provider of advanced trading technology and FIX connectivity services to the international financial services industry. The Mixit integrated suite of products allows firms to trade and communicate across asset classes and markets in today’s global environment. Mixit’s expertise in electronic trading and compliance, our neutrality, and commitment to the highest level of service sets the foundation for customers to prosper.
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Contact Number: 917.254.4060 |
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FlexTRADER, the premier rules-based, broker-neutral trading and OMS is a customizable system with pre-defined trading strategies for global lists as well as single stocks, futures and options. Traders can act swiftly and anonymously in volatile market conditions to minimize market impact, transaction costs and exposure risk of large multi-sided portfolios. FlexTRADER integrates with a firm’s existing OMS and operates in real-time, enabling those trading from a master list to efficiently manage cash constraints and allocations.
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Contact Number: 516.627.8993 x2
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Laser trading platform was developed using optimized multi-threaded C++ code, running on the latest XEON servers with high bandwidth direct LAN, point-to-point connections to ECN’s, NASDAQ, and NYSE. The latency to some ECNs can be as low as 1 to 3 ms. Laser trading platform is used by professional and retail traders. Genesis supports the computerized or “black box” traders through the proprietary API and also hosts black boxes.
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Contact Number: 212.668.0888 |
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HydraTrade, by Spartan Technologies LLC, is an industry leading, broker dealer neutral EMS. HydraTrade provides best execution and order routing for Buy and Sell side traders that includes many forms of “trader friendly” functionality. Connectivity includes major U.S. exchanges ECNs, all OMS providers, 3rd party algorithmic venues, and dark pools of liquidity. Our Hydra Back Office provides efficient risk management tools needed in today’s market environment. All data and executions are hosted on our own proprietary network and managed by a veteran support staff. Other features include baskets, block order management, market sweeps, and pre trade analysis.
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Contact Number: 800.98.HYDRA |
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Goldman Sachs Electronic Trading offers equities, options, futures, and synthetics algorithmic strategies across North America, Europe and Asia. Goldman Sachs has been committed to electronic options trading for nearly 10 years and executes over 1 million U.S. options contracts each day. In addition to four liquidity-seeking options algorithms, clients can take advantage of SIGMA smart routing, sweeping functionality with Prowler, connectivity to all seven U.S. options exchanges, and complex order types, including butterflies, straddles, strangles and custom strategies. Additionally, Goldman Sachs recently introduced connectivity to several European options exchanges. Clients can access Goldman Sachs electronic options capabilities via REDIPlus, its award-winning Execution Management System, or via FIX.
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Contact Number: 212.357.4255 |
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Townsend Analytics is a recognized leader in providing technology-driven solutions for the global capital markets. The Chicago based firm has engineered direct-access solutions for broker-dealers, asset managers, hedge funds and mutual funds |