Nasdaq creates new technology and business support competence center in Vilnius

Nasdaq (Nasdaq: NDAQ) announces that the world leading operator of exchanges and provider of capital markets technology, will create a new technology and business support competence center in Vilnius.

Currently, Nasdaq’s trading, clearing, surveillance and risk management technology powers more than 70 marketplaces, clearing houses, central securities depositories and regulators from over 50 countries around the globe. Nasdaq operates 24 securities markets, 5 central securities depositories and 1 clearing house in the US and Europe, including the Baltic Market – Estonia, Latvia and Lithuania. The world’s fastest and most scalable trading systems INET and Genium INET are implemented in the Nasdaq Baltic.

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Agile development of the most advanced technologies and implementation of modern business principles enable Nasdaq to maintain its leading position in the world and rapidly expand. Nasdaq has been successful in delivering for customers and its shareholders because it leverages the full depth and breadth of its global talent and assets.

The Baltic countries increasingly demonstrate strong growth potential and advanced infrastructure, as well as an internationally recognized strong talent pool. Nasdaq has decided to leverage these assets by establishing a new global technology and business support competence center in Vilnius. Nasdaq has similar centers in Stockholm, Sydney, Bangalore, Philadelphia and Manila.

“This is a great step forward for Nasdaq and for Lithuania,” said Arminta Saladžienė, Head of Nasdaq Baltic. “In addition to providing new jobs to the region, it will provide an opportunity for our skilled specialists to gain new experiences by working with global financial markets and cutting-edge technologies. The Nasdaq brand has strong global recognition, and this will certainly further increase international visibility and awareness of Lithuania and its strong talent pool.”

“The capital market sector is one of the fastest developing on a global scale,  and continuous development of innovative technology solutions is vital to the growth of our business, “ said Conny Andersson, Senior Vice President, Global Technology Solutions at Nasdaq. “We are one of the world’s leading providers of technology to exchanges, brokers and CSDs around the world, including the Baltic markets. We always want to ensure we leverage our global presence and utilize the best talents in every corner of the world. The technology competence center in Vilnius will be supporting global development projects and create new projects, so we need to hire the very best specialists.”

To help with this initiative, Nasdaq has received support and counsel from Invest Lithuania.

According to Justinas Pagirys, Director of the Investment Promotion Department at Invest Lithuania, Nasdaq‘s further investment in the region constitutes a new level for Lithuanian competence centers as it will combine high-level IT expertize with in depth financial analysis. “The presence of a global market leader will create new career possibilities for Lithuanians not only in Lithuania, but also abroad.”

Nasdaq plans to hire about 50 specialists during the first half of 2015, who will be located at a new office in Vilnius.