Last July, Nasdaq announced a partnership with Football Index. The deal has equipped the UK-based fixed-odds betting platform with the Nasdaq Financial Framework—a robust and agile end-to-end solution for providers of financial infrastructure. This is great news for football fanatics in the UK with a keen sense for the stock market and security trading.
To get a good idea of what this deal entails for users of Football Index, let’s take a look at the background of each company and what they’ve accomplished so far. So let ready for next tournament where you will see the top player on the ground. If you are a football lover, you may also love download HD Ronaldo wallpaper for phone and desktop. You can also download your favorite play wallpaper.
A short look at Nasdaq’s history
The term “Nasdaq” often refers to 2 things: the parent company Nasdaq, Inc. and Nasdaq Composite, its namesake index with a listing of 3,000+ stocks that include giants in technology and some of the largest companies in the world. Created by the National Association of Securities Dealers (NASD), Nasdaq started operating in 1971. It was developed as a transparent and speedy system where investors can trade securities, and it served as the first electronic stock market. Nasdaq quickly replaced the century-old ‘specialist’ system and became the standard for electronic trading for markets around the world.
The company’s cutting edge marketplace technology is used in 50 countries to power more than 70 exchanges and even in recent years, the company has continued to achieve new milestones. In 2012, Nasdaq OMX joined the United Nations Sustainable Stock Exchanges as a founding member. Last year, it reached its highest-ever close on August 29. It also announced plans to introduce cryptocurrency futures in 2019.
What is Football Index?
Football Index is the world’s first football stock market where traders can bet on the success of footballers by buying and selling shares in players. This young company has made large strides since it was founded in 2015, raising £1,156,327 on Seedrs in 2016 and securing £1.92 million in funding from Burlywood Capital early in 2019. Football Index currently has more than 100,000 traders.
Traders have different ways of earning a profit on Football Index. The first is by buying shares in a player at a low price and selling them when the price is high. Just like in any market, the price of player shares fluctuate depending on the level of demand for selling and buying. The second way of earning a profit is through daily dividends. Traders earn these dividends if the players in their portfolio finished at the top of the Media Rankings or Match Day Rankings, which are based on the footballer’s in-play performance.
What does this partnership mean for traders on Football Index?
The partnership with the legendary brand Nasdaq helps establish Football Index as a world-class exchange. Nasdaq’s state-of-the-art trading engine, which is similar to that used in its stock exchange, will power the order-matching service in Football Index. This is expected to enhance the user experience of both new and seasoned traders, as well as spur growth for the football stock market.
Emerging sports betting platforms provide traditional exchanges new opportunities to attract more clients and to keep up with the ever-changing market. In turn, sports betting platforms benefit from the tried-and-tested technologies that traditional exchanges have developed over the years. This partnership between Nasdaq and Football Index will not only provide more opportunities for both companies, but it will also raise the bar for sports trading and make football games more enjoyable, engaging, and profitable for sports fanatics and traders alike.