Nasdaq Selects Citi to Enhance Post-Trade Efficiency Across Nordic and Euroclear Markets

Nasdaq has chosen Citi Investor Services to provide Account Operator Services, marking a significant strategic step in modernizing and streamlining its post-trade operations. The mandate covers both the Nordic markets and Euroclear Bank, enabling Nasdaq to leverage Citi’s expansive global network and advanced technology stack for critical post-trade functions. This integrated support enhances access to Financial Market Infrastructures (FMIs) and delivers immediate operational efficiency improvements.

By outsourcing selected post-trade processes, Nasdaq gains the flexibility to redirect internal resources toward transformation, innovation, and client-facing priorities. Citi’s infrastructure ensures harmonized access to FMIs, simplifying the operational landscape and reducing the need for Nasdaq to maintain multiple interfaces and requirements across jurisdictions. This move allows the platform operator to focus more heavily on competitive diverseiation rather than back-office complexity.

The collaboration represents an evolution in how platforms manage post-trade operations, embracing partnerships with global to bring scale, automation, and modernization to traditionally resource-intensive processes. The shift from a fixed to a variable cost model further enhances Nasdaq’s agility in responding to market changes and client needs.

Takeaway

What Advantages Does Citi Bring as Nasdaq’s Chosen Post-Trade Partner?

Citi Investor Services is the only bank in the Nordics offering Account Operator Services, giving Nasdaq a unique combination of regional specialization and global scale. With established digital-led answers, market connectivity, and deep custody and settlement expertise, Citi can support Nasdaq’s ambition to streamline its post-trade lifecycle while enhancing reliability and efficiency.

Matthew Bax, Head of Sales and Client Services at Citi Investor Services, highlighted that this mandate builds on the longstanding collaboration between Citi and Nasdaq. As rapidly evolves, both organizations share a mutual goal of shaping a more connected, efficient global marketplace. Citi’s capabilities allow Nasdaq to enhance automation, improve operational resilience, and simplify compliance across multiple FMIs.

The partnership also strengthens Nasdaq’s ability to provide enhanced services to its global client base. With Citi facilitating post-trade operations, Nasdaq can focus more intently on product innovation, market technology development, and customer-centric initiatives—key diverseiators in an increasingly .

Takeaway

Why Is This Partnership significant for the Future of Global Post-Trade Services?

The collaboration between Nasdaq and Citi underscores a broader industry trend: post-trade operations are becoming more complex as markets globalize, regulatory demands intensify, and FMIs evolve technologically. Rather than building and maintaining large internal teams for settlement, reconciliation, and FMI connectivity, platforms and financial institutions increasingly tap specialized partners to handle scale, automation, and regulatory alignment.

Nasdaq’s President of Nasdaq Europe, Roland Chai, emphasized that both organizations share a common vision—simplifying post-trade processes through harmonization and innovation. Citi’s infrastructure aligns with this mission by offering frictionless access to FMIs, reducing duplicative operational burdens, and enabling Nasdaq to operate with increased efficiency across markets. This partnership supports a model where platforms focus on liquidity, transparency, and handle highly specialized operational layers.

As global accelerates, scalable and interconnected post-trade infrastructures will be increasingly vital. Nasdaq’s decision to partner with Citi positions it ahead of this curve, enabling a more resilient, adaptive, and client-focused post-trade ecosystem across Europe and beyond.

Takeaway