Nasdaq runs/operates something like over 70 exchanges world wide selling "exchange technology" to nation states. Countries have bespoke rules as to how they ut

Nasdaq runs/operates something like over 70 exchanges world wide selling "exchange technology" to nation states. Countries have bespoke rules as to how they utilize outside help, everything from merely purchasing the source code and running & operating themselves to fully outsourcing everything. Outside of US equities, most other worldwide markets are pretty tiny as far as transaction volume goes.