Welcome to our dedicated page for Nasdaq news (Ticker: NDAQ), a resource for investors and traders seeking the latest updates and insights on Nasdaq stock.
Nasdaq, Inc. (symbol: NDAQ) is a global technology company and a leading provider of capital market services, established in 1971. Initially known for its equity exchange, Nasdaq has evolved into a diversified technology provider that delivers solutions across multiple segments, including market services, information services, and corporate services.
Market Services: This segment represents approximately 35% of Nasdaq's revenue and includes trading, clearing, and market technology services. Nasdaq operates one of the world's largest electronic stock exchanges, facilitating efficient and reliable trading.
Information Services: Contributing about 30% of the company's sales, this segment offers market data, analytics, and Nasdaq-branded indexes to asset managers and investors, providing essential tools for informed decision-making.
Corporate Services: Accounting for 20% of revenue, Nasdaq's corporate services include listing services and investor relations products that support publicly traded companies in meeting their regulatory requirements and enhancing investor engagement.
Market Technology: Representing 15% of the firm's revenue, this segment delivers technology solutions that enable the operation of other exchanges around the world, as well as financial compliance services.
Recent Achievements: Nasdaq continues to be at the forefront of technological advancements, incorporating AI capabilities to support capital markets, thereby enhancing liquidity, transparency, and integrity in the financial ecosystem. The company is also involved in strategic partnerships, such as its recent collaboration with FIA Tech to improve data sharing and reduce systemic inefficiency in the global post-trade network.
With a strong commitment to innovation, Nasdaq has successfully transitioned from a U.S.-based equities exchange to a global leader in technology and information services. The company's diverse product offerings and client-centric approach enable businesses to optimize their operations and achieve their business goals with confidence.
Financial Overview: Nasdaq's financial performance has been robust, with consistent revenue growth driven by its diversified business model. The company's strategic investments and focus on scalability and efficiency have positioned it well for sustained growth and profitability.
For the latest updates, financial results, and developments, visit the Nasdaq Investor Relations website at http://ir.nasdaq.com.
Nasdaq, Inc. (NDAQ) and Bolsa Electrónica de Chile (BEC) announced an agreement for BEC to upgrade its trading technology to Nasdaq's cloud-based Marketplace Services Platform by the end of 2024. This move marks BEC as a pioneer in Latin America’s cloud migration, enhancing its operations and scalability. This partnership, developed over a decade, aims to modernize global market infrastructure. Recent research indicates 67% of capital market firms will be cloud-first by 2024, showing a strong trend towards cloud technology adoption.
Nasdaq (NDAQ) and Dhaka Stock Exchange (DSE) have extended their partnership, enhancing DSE's trading technology with an upgrade to Nasdaq's X-stream INET platform. This initiative aims to support increasing trading activity while preserving market integrity. DSE's evolution includes the launch of an Alternative Trading Board and a thriving SME market, processing around 400,000 trades daily across 650+ listed securities valued at $73 billion. The upgrade is seen as crucial for DSE's goal to become a leading regional exchange and enhance investment opportunities.
The Nasdaq Stock Market announced the delisting of several companies, including Tuscan Holdings Corp. II, Clovis Oncology, Inc., ZyVersa Therapeutics, Inc., Otonomy, Inc., and Forward Pharma A/S. Securities for these companies have been suspended since late 2022 and have not traded on Nasdaq. Nasdaq will file a Form 25 with the Securities and Exchange Commission to finalize the delistings, which are effective ten days post-filing. For additional details, companies' public filings should be reviewed.
The Nasdaq Stock Market has announced the delisting of several companies due to trading suspensions. PhaseBio Pharmaceuticals, Inc. was suspended on November 3, 2022, Zovio Inc. on November 10, 2022, Fast Radius, Inc. on November 18, 2022, and Kismet Acquisition Three Corp. on November 21, 2022. Nasdaq will file a Form 25 with the SEC to finalize these delistings, which will take effect ten days after the filing. Investors are advised to review the companies’ public filings for further information regarding the delistings.
Nasdaq, Inc. (NDAQ) has appointed Adena T. Friedman as Chair of the Board of Directors, effective January 1, 2023. She will maintain her role as CEO, succeeding Michael R. Splinter, who becomes Lead Independent Director. Friedman has been with Nasdaq since January 2017, driving its strategic direction and operational performance. The Board supports this leadership transition, expecting enhanced execution of Nasdaq’s vision as a global technology firm in financial markets. Splinter will continue to play a significant role with responsibilities including overseeing performance evaluations.
Nasdaq (NDAQ) announced the resumption of trading for Pingtan Marine Enterprise Ltd. (PME) at 11:00 a.m. Eastern Time on December 19, 2022. The trading was previously halted on December 9, 2022, at 09:14:21 a.m. Eastern Time. This resumption indicates a return to normal market activity for PME, which may affect investor sentiment and trading strategies.
In 2022, Nasdaq (NDAQ) maintained its leadership in the U.S. IPO market, welcoming 156 IPOs and raising $14.8 billion. This marks the fourth consecutive year of being the leading exchange by both number of IPOs and proceeds. Notably, the SEC approved Nasdaq's optimized rules for direct listings with capital raises, enhancing market entry flexibility for companies. Nasdaq also showcased strength in sectors like healthcare, consumer, and technology, achieving high win rates. Seven of the ten largest global IPOs were listed on Nasdaq, comprising 74% of total IPO proceeds.
Nasdaq (NDAQ) has announced the annual reconstitution of the Nasdaq-100 Index, effective December 19, 2022. Six companies will be added: CoStar Group, Rivian Automotive, Warner Bros. Discovery, GlobalFoundries, Baker Hughes, and Diamondback Energy. In contrast, seven companies will be removed from the Index, including VeriSign, Skyworks Solutions, and Match Group. The Nasdaq-100 Index, comprising the 100 largest non-financial companies on Nasdaq, serves as a benchmark for various financial products.
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