Ostium Partners With Nasdaq for U.S. Equity Data in Stock Perpetuals

According to The Block, Ostium said it is the first onchain trading platform offering stock perpetuals powered by Nasdaq data and identified itself as a Nasdaq data customer.

Summary

Ostium announced a partnership with Nasdaq to use the exchange operator’s stock data for its onchain stock perpetuals products. According to The Block, Ostium said it is the first onchain trading platform to offer stock perpetuals powered by Nasdaq data and described itself as a Nasdaq data customer. The company’s earlier statement said the agreement supports its stock perpetuals products on its blockchain-based trading platform.

Terms & Concepts
  • stock perpetuals: Perpetual derivative products linked to stocks that do not have an expiry date and can remain open subject to trading and margin rules.
  • onchain: Activity or products that operate directly on a blockchain rather than through only off-chain infrastructure.
  • Nasdaq data: Market data supplied by Nasdaq that can be used by trading platforms as a reference for pricing or product infrastructure.