Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Extraordinary Re to use Nasdaq technology

  • Sophia Geraghty 6 March 2018
  • InsurTech start-up Extraordinary Re has signed a deal with exchange operator Nasdaq to use its technology to run a new insurance-linked securities (ILS) trading platform.

    Nasdaq will deliver matching engine technology for the new platform, which will be launched this summer, The Insurance Insider's sister publication Trading Risk has reported.

    Extraordinary Re will also run the trading platform on a private cloud and use blockchain technology to pass information on to participants, it said.

    The firm said the new platform...

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