The world’s second-largest stock exchange, Nasdaq, is allegedly testing trading of a bitcoin (BTC)-based product, according to a tweet by an analyst at quantitative trading analytics service StrongMarket on April 22.
UPDATE: According to TDAmeritrade support – it's not a real trade in my account – it appears they are testing only using their Paper Trading platform. Support said "I'm not able to speak on it" -They did not know what CXERX is. Strange… But something is going on for sure! pic.twitter.com/gUxtHX0TNg
— Cryptopolis (@cryptopolis_x) April 22, 2019
According to a follow-up tweet from Cryptopolis, it may not be anything… yet. TD Ameritrade’s support staff told him that his trade wasn’t real, and they weren’t even too sure what CXERX is. The staffer, going by “Sean B,” explained that CXERX “is not a symbol we trade on the live side,” and that more likely than not, the asset is being tested on the paper trading side, meaning no transactions actually occur. That begs yet another question: What could CXERX be if/when it goes live?
As Ameritrade’s system registered it as being listed Nasdaq, it could very well be an early iteration of the exchange’s rumored cryptocurrency futures that glitched onto consumer platforms.
Waiting for great news from Nasdaq!