The licence paves the way for Nasdaq’s planned launch of trajectory trading in Europe through Nasdaq Investment Firm B.V. Expected to go live in November 2026, the offering will use PureStream technology to provide institutional investors with a new way to access liquidity in European equities while minimising market impact. Trades will be formalised and published on Nasdaq's regulated trading venues.

Our Financial Regulatory and Corporate experts worked closely with the Nasdaq team throughout the licensing process, advising on the applicable regulatory requirements and engagement with the Dutch supervisory authorities.

Nasdaq provides technology, data and analytics solutions to the global financial industry, including institutional investment intelligence through Nasdaq eVestment.