Nasdaq Calypso Launches Framework to Scale AI Adoption Across the Trade Lifecycle

NEW YORK, September 29, 2026 - Nasdaq (Nasdaq: NDAQ) today launched a framework for integrating AI capabilities within capital market and treasury operations, addressing some of the bottlenecks that are preventing scaled institutional adoption. At its core, Nasdaq has established an agentic AI operating environment within its Nasdaq Calypso platform, providing financial institutions with a contained, governed space to run, connect, and scale AI agents across the trade lifecycle.

This framework seeks to accelerate the speed of agent development across Nasdaq Calypso's client community, increase connectivity between agents within their organization, and extend the governance and controls within Nasdaq Calypso to clients' agentic workforce.

"For institutions to adopt AI agents at scale, they need a trusted, governed infrastructure inside the capital market platforms they already run, a place to connect agents from many different sources to real workflows, data, and controls," said Magnus Haglind, Head of Capital Markets Technology at Nasdaq. "By integrating agentic capabilities and serving as the orchestration layer, we are evolving Nasdaq Calypso from a system of record into an intelligent platform that automates activity at every stage of the trade lifecycle."

AI has enormous potential across capital market workflows to enhance risk controls, reduce settlement failures, and transform operational data into automated actions. According to a recent Nasdaq and Acuiti survey, almost half of respondents highlighted challenges relating to manual intervention within their post-trade operations, while 56% said they risk losing ground to competitors if they do not integrate AI or machine learning into their clearing operations.

The operating environment will allow clients to access Nasdaq Calypso's agents and connect their own proprietary AI infrastructure through an integrated layer built on the Model Context Protocol (MCP). MCP is an emerging industry standard for linking AI agents to software.

The environment applies robust operational boundaries, live oversight, and strict sandboxing with no external data retention, designed to keep AI agents operating solely within an institution's perimeter and policies. Under the framework, Nasdaq will partner with individual clients as they work through internal AI governance and control requirements to bring these capabilities online.

How the Nasdaq Calypso Agentic AI Environment Will Work

Nasdaq Calypso is an advanced capital markets and treasury platform used by banks, brokers, asset managers, central banks, and other financial institutions to process front-to-back-office trading, risk management, and collateral workflows. The agentic layer will enable agents to operate on core Nasdaq Calypso data, drawing on the platform's system-of-record trading, risk, and collateral records, and can be extended with additional enterprise, market, and reference data sources.

Today's launch also aligns with the first agentic capabilities available in the environment: a naturallanguage assistant that lets users query the platform's data, documentation, and other information. The functionality seeks to deepen how teams can use the platform, enhance productivity around data analysis and document review, and accelerate decision-making.

Over the coming months, Nasdaq plans to roll out a suite of governed agentic workers designed to address operational friction caused by manual processes that persist across capital market workflows, including resolving reconciliation breaks, investigating P&L and risk anomalies, and intervening on at-risk settlements before they fail.

Clients retain full control of their data. The agents will be hosted by Nasdaq and delivered through Nasdaq Calypso's cloud environment, which is built on Amazon Bedrock to provide the scalable services and governance controls required to run agentic AI in regulated environments. Onpremises clients will also be able to connect to those same agents.

How Nasdaq is Advancing its Agentic AI Capabilities Across the Financial System

The launch builds on Nasdaq's extensive AI capabilities within its suite of Financial Technology platforms, including Nasdaq Verafin's Agentic AI workforce leveraged by 800+ clients, and AIpowered regulatory reporting in Nasdaq AxiomSL. As institutions increasingly adopt these technology platforms, the patterns learned are expected to help deliver even greater levels of performance and client outcomes.

Nasdaq is embedding AI into its products, workflows, and interactions, with trust as the anchor. Operating across 135+ markets and regulators, serving every global systemically important bank and more than 3,800 financial institutions worldwide, Nasdaq engineers governance, auditability, explainability, and control into its AI infrastructure. Nasdaq's experience integrating AI inside highly regulated, mission-critical environments allows clients to capitalize on innovative new technologies without rebuilding the infrastructure they already depend on.

Media contact:
Andrew Hughes; +44 (0)7443 100896; [email protected]

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world's economies. We architect the world's most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.