WuBlockchain
An alternative trading system under development could let NYSE support 24/7 onchain trading, according to Michael Blaugrund of Intercontinental Exchange and NYSE. Blaugrund said Avalanche meets many of the platform's requirements and that the teams are working closely.
Why it matters
NYSE's exploration brings traditional market infrastructure into the push for always-on trading. An ATS could provide a framework for onchain markets while operating alongside the exchange ecosystem rather than replacing it.
Market impact
The project remains under development, so no launch date or final platform design has been announced. The close work with Avalanche nevertheless puts the network in discussions around institutional-grade onchain market infrastructure and could make 24/7 trading a more credible direction for traditional finance.
Frequently asked questions
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What is NYSE developing for 24/7 onchain trading?
NYSE is exploring an alternative trading system, or ATS, that could support trading on a 24/7 onchain basis. The platform is still under development.
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What role does Avalanche have in the NYSE initiative?
Michael Blaugrund said Avalanche meets many of the platform's requirements. He also said the teams are working closely.
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Who is Michael Blaugrund?
Michael Blaugrund is associated with Intercontinental Exchange and NYSE. He provided the comments about Avalanche and the developing ATS.
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Has NYSE announced a launch date for the onchain ATS?
No launch date or final platform design has been announced. The alternative trading system remains under development.
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Why does the project matter for blockchain markets?
It links traditional exchange infrastructure with the push toward always-on onchain markets. The initiative could make 24/7 trading a more credible direction for traditional finance.
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