Latest news with #MagnusHaglind
GMA Network
26-05-2025
- Business
- GMA Network
PSE, Nasdaq renew partnership with Eqlipse Trading
The Philippine Stock Exchange Inc. (PSE) on Monday announced the upgrade of its trading infrastructure to Nasdaq's most advanced platform Nasdaq Eqlipse Trading, as part of the expansion of the technology partnership between the two parties. With Nasdaq Eqlipse Trading, the PSE will be able to incorporate complementary functionality including pre-trade risk, advanced options pricing, and index calculations. It will also have a flexible deployment model to reduce operational heavy lifting, and provide optionality around cloud adoption. 'With technology as a key area in our strategic agenda, it is important for PSE to work with a trusted service provider of market technologies. Given this, PSE opted to renew its partnership with Nasdaq to ensure continuity in offering a dependable trading system that meets all our current and future requirements,' PSE president and chief executive officer Ramon Monzon said in a statement. The platform is the fourth generation of Nasdaq's multi-asset marketplace technology platforms, which are used by 97% of systemically important banks across the globe, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and over 3,800 clients across financial services. 'Our technology partnership with PSE will help strengthen its market infrastructure, and we're excited to support their efforts to elevate Philippine capital markets on the global stage,' Nasdaq Marketplace Technology head Magnus Haglind said. 'Our growing presence in the Philippines complements the country's extraordinary development as one of the fastest growing economies in the ASEAN region,' NASDAQ Asia Pacific senior vice president R.G. Manalac said. —AOL, GMA Integrated News
Yahoo
03-04-2025
- Business
- Yahoo
Verisk snaps up Nasdaq subsidiary Simplitium
Verisk, a data analytics and technology provider for the insurance industry, has acquired Simplitium, a subsidiary of Nasdaq, for an undisclosed sum. Simplitium operates Nasdaq Risk Modelling for Catastrophes (NRMC), a software-as-a-service (SaaS) platform designed to support an open ecosystem in which specialised model partners offer their models, hazard data and analytics. This ecosystem aims to address the global insurance protection gap. As part of the acquisition, Verisk clients will gain access to more than 300 third-party models, providing diverse and specialised insights into global risk. Verisk product management senior vice-president Gayatri Natarajan said: 'Verisk risk modelling powers mitigation strategies and disaster financing to narrow the insurance protection gap, reducing uncertainty and empowering people to protect what matters most – their families, homes and livelihoods. 'Access to more views of risk, especially covering niche areas of risk, strengthens our clients' ability to make decisions that will deliver resiliency to our communities and businesses.' NRMC, which operates using the OASIS Loss Modelling Framework – recognised as the industry standard for open-source catastrophe risk modelling – will be delivered as a cloud-based service. Verisk said the integration of NRMC into its portfolio will allow clients to evaluate various views of risk, assess potential losses through different modelling perspectives and apply models that best suit their business needs. The platform is built on open standards, enabling standardised and efficient data exchange, and supporting reinsurers in refining their catastrophe risk strategies with greater precision, the company added. NRMC will become part of Verisk's Extreme Event Solutions division, which offers advanced catastrophe risk modelling, global loss indices and analytics to the insurance industry. Verisk added that the acquisition is not expected to have a material impact on its financial results. Nasdaq marketplace technology head Magnus Haglind stated: 'We are pleased that NRMC will become part of an organisation with a scaled presence in catastrophe risk modelling and we look forward to NRMC's continued success under Verisk's ownership.' In January this year, Verisk sought a review of its wildfire catastrophe model by the California Department of Insurance, reportedly the first modeller to initiate new regulations in California. "Verisk snaps up Nasdaq subsidiary Simplitium " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
