Nasdaq is looking to provide technology to firms that want to offer a new type of trading facility introduced through the revision of Europe’s trading rulebook, as exchanges continue to seek out ways of capitalising on opportunities created by regulations.

The systems would allow firms to run organised trading facilities, or OTFs, a European venue designed for trading of over-the-counter derivatives and bonds, according to Hans-Ole Jochumsen, Nasdaq's head of global trading and market services. This new type of market will be created when the review of the Markets in Financial Instruments Directive, known as Mifid II, comes into force on January 3, 2017.