Nasdaq says trajectory trading in European equities, built on PureStream technology, is expected to go live in November 2026 through Nasdaq Investment Firm B.V. The Dutch regulator's register shows the firm's licence dated 26 October 2026. Nasdaq says trades will be formalised and published on its regulated trading venues.
Nasdaq is offering Eqlipse Digital, which it describes as a platform for market operators to issue, settle and service tokenised assets, as part of wider plans for always-on markets. Those plans include LeveL ATS, an investment in Europe's One Trading and 23/5 US trading, which is set to start on 6 December 2026. Nasdaq's product page gives no launch date. Separately, an SEC-approved Nasdaq rule to trade tokenised shares on the same order book as traditional shares has not yet taken effect.
Nasdaq has completed its purchase of LeveL Markets, operator of LeveL ATS. The venue's amended Form ATS-N now describes it as an indirect wholly-owned Nasdaq subsidiary that operates independently of Nasdaq's national securities exchanges.
