New York Stock Exchange rolls out NYSE Launchpad for startups
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The New York Stock Exchange (NYSE), a subsidiary of Intercontinental Exchange (ICE), recently announced a new program in the form of a Launchpad for startups.
According to the exchange, the NYSE Launchpad will offer a safe ecosystem for startups to grow in, granting them product evaluation and much-needed visibility.
How can the NYSE Launchpad help startups?
The NYSE Launchpad leverages the technical prowess of Intercontinental Exchange, and it will assist entrepreneurs in leveraging enterprise tech. This will allow it to offer resources to examine, test, and glean actionable information regarding the startups’ new products.
The program will also allow young companies a place to present their innovation to a global audience, thus increasing their visibility, as mentioned.
Commenting on the new Launchpad, NYSE Group’s president, Lynn Martin, said that the NYSE has had a front row seat to the implementation of cutting-edge technology throughout its history. This is more true today than ever before, and because of that, the NYSE Launchpad is a perfect product for NYSE to help young companies establish themselves by offering its own vast experience.
“NYSE LaunchPad provides startups with a unique opportunity to tap into our vast expertise, using a secure, cloud-based platform to leverage the best in enterprise-level technology,” Martin said.
Established market infrastructures can help newly emerging companies
Those who join the program will be tested and evaluated based on the real-world use cases of their products. They will also receive important feedback from the most pioneering innovators and technology professionals of this age. Additionally, participants will be granted the opportunity to engage in NYSE’s Tech Summit conference, which takes place every year.
The initiative is also important as it marks a significant change in how well-established market infrastructures, such as the New York Stock Exchange itself, can collaborate with new, emerging companies. They can use their knowledge, experience, resources, and other advantages to create a startup-friendly ecosystem and help them grow.
In the meantime, the NYSE continues to expand and improve its own presence. Earlier in October, Options Technology announced that it successfully deployed the NYSE Chicago Integrated Feed to its ActivFeed. The company’s goal was always to provide high-performance, cloud-enabled managed services to participants, and this move will take it a step closer to fulfilling this goal.
The feed represents a crucial data component of the NYSE, and by integrating it into ActivFeed, Options Technology will be able to provide its clients with access to global market data for multiple asset classes, but also to a wider capital markets ecosystem.
