Nasdaq to Launch PureStream in Europe

PureStream, which is already available in the US and Canada, is expected to be introduced on Nasdaq Europe in the first quarter of 2025, subject to regulatory approval, the company said in its press release on Tuesday.

PureStream is said to be designed to facilitate interactions between institutional investors with a common execution goal, enabling them to trade a percentage of the market’s future volume at the market’s volume-weighted-average-price (VWAP).

The approach aims to minimise market impact and improve price discovery.

“We are excited to bring PureStream to Nasdaq Europe,” said Nikolaj Kosakewitsch, Senior Vice President and Head of European Equities & Derivatives at Nasdaq. “This launch underscores our commitment to offering world-class platforms that support the evolving needs of the global capital markets. PureStream on Nasdaq Europe will provide a greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”

PureStream is expected to provide buy- and sell-side trading firms with a new tool for executing long-term trajectory orders.

By pairing trading interests in open-ended streaming batches, traders can remove reliance on sourcing liquidity on a single point-in-time basis and potentially achieve better execution outcomes.