Nasdaq, Inc. - NDAQ STOCK NEWS

Nasdaq (NDAQ) has implemented a change in accounting treatment for AxiomSL on-premises subscription revenues, now recognizing 100% ratably over the contract term instead of 50% upfront. This change results in a one-time, non-cash GAAP revenue reduction of $32 million for Q3 2024, covering November 2023 to June 2024. The adjustment aligns AxiomSL's revenues more closely with its annualized recurring revenue (ARR) and cash economics.

Despite this accounting change, Nasdaq reaffirms its medium-term growth outlook for all divisions and sub-divisions, including AxiomSL and Calypso combined. The company expects the Regulatory Technology sub-division to grow within its medium-term revenue growth outlook range for full-year 2024. This change does not impact AxiomSL's historical ARR, cash flows, or cloud-delivered license revenues.

Nasdaq (NDAQ) has announced a new leadership structure for its Financial Crime Management Technology business. Stephanie Champion, a 13-year Nasdaq Verafin veteran, has been appointed as the new EVP and Head of Nasdaq Verafin. Jeremy Skule, Nasdaq's Chief Strategy Officer, will take on an expanded role as Executive Chair of the Financial Crime Management Technology business.

Champion brings extensive expertise in the anti-financial crime industry and a strong track record of growth. She has been instrumental in driving Nasdaq Verafin's revenue growth and attracting major bank clients. Skule will support the development of Nasdaq Verafin's strategic roadmap, including global expansion and integration objectives.

Nasdaq Verafin is the global leader in financial crime management technology, serving over 2,500 banks with combined assets exceeding $9 trillion. The new leadership structure aims to support the business' strong momentum and continue its growth trajectory in addressing the $3 trillion financial crime challenge.

Nasdaq (NDAQ) has scheduled a teach-in on September 6, 2024, at 8:00 AM Eastern to discuss a change in the accounting treatment of revenues associated with AxiomSL on-premises subscription contracts. This change was previously mentioned during Nasdaq's Q2 earnings announcement, and the financial impacts remain consistent with earlier communications. CFO Sarah Youngwood and IRO Ato Garrett will lead the session, which will include prepared remarks followed by a Q&A with the investment community. The event will be accessible via webcast, with related materials available on Nasdaq's Investor Relations website. Additional materials will be posted on the IR website at approximately 7:00 AM Eastern on the day of the event.

Nasdaq (NDAQ) has announced that its executives will be presenting at two major investor conferences in September 2024. Sarah Youngwood, Executive Vice President & CFO, will speak at the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, at 2:30 PM ET. Adena Friedman, Chair and CEO, will present at the Barclays Global Financial Services Conference on Tuesday, September 10, at 8:15 AM ET.

These presentations offer investors and analysts an opportunity to gain insights into Nasdaq's strategies and performance directly from top executives. Webcasts of both events will be available on Nasdaq's Investor Relations website, providing access to a wider audience beyond conference attendees.

The Nasdaq Stock Market (NDAQ) has announced the delisting of securities from 22 companies, including common stocks, units, warrants, and other financial instruments. This decision affects a diverse range of firms such as Liberty Resources Acquisition Corp., PetVivo Holdings, Galera Therapeutics, AERWINS Technologies, Chicken Soup for the Soul Entertainment, and VBI Vaccines. The delisting process began with suspensions of trading for these securities between March 27 and August 8, 2024, and none have traded on Nasdaq since their respective suspension dates. This action is part of Nasdaq's regulatory function to maintain market integrity and protect investors.

Nasdaq (NDAQ) has released its monthly trading volumes for August 2024. The report, which provides important insights into the exchange's performance, is now available on Nasdaq's Investor Relations website. Investors and analysts can access a detailed data sheet containing this information at the provided URL: http://ir.nasdaq.com/financials/volume-statistics.

This regular reporting of monthly volumes is an essential practice for Nasdaq, offering transparency and allowing stakeholders to track the exchange's trading activity. The data can be used to gauge market trends, liquidity, and overall performance of Nasdaq's various trading platforms and services.

Nasdaq (NDAQ) has announced its filing with the SEC to list and trade Nasdaq Bitcoin Index Options (XBTX), in partnership with CF Benchmarks. Upon regulatory approval, these options will track the CME CF Bitcoin Real-Time Index (BRTI), providing investors with a tool to manage positions and hedge investments in cryptocurrency.

Key features of XBTX include:

• European-style exercise and cash settlement
• Final settlement value based on the CME CF Bitcoin Reference Rate - New York Variant (BRRNY)
• Calculations executed every second, aggregating Bitcoin-USD order data from leading crypto exchanges

This initiative aims to combine the innovative crypto landscape with the reliability of traditional securities markets, marking a significant step in the maturation of the digital assets market.

Nasdaq (NDAQ) has released its mid-month open short interest positions for Nasdaq stocks as of August 15, 2024. Key highlights include:

• Short interest in 3,037 Nasdaq Global Market securities totaled 12,277,781,936 shares, up from 11,985,723,964 shares on July 31, 2024.
• The mid-August short interest represents 2.62 days of average daily volume, down from 2.90 days in the previous period.
• Short interest in 1,669 Nasdaq Capital Market securities totaled 2,136,281,640 shares, up from 2,082,532,251 shares in the previous period.
• Total short interest across all 4,706 Nasdaq securities was 14,414,063,576 shares, representing 2.36 days of average daily volume.

These figures provide insights into market sentiment and trading activity for Nasdaq-listed stocks.

Nasdaq has released its end-of-month open short interest positions for Nasdaq stocks as of July 31, 2024. The report shows:

• Nasdaq Global Market: 11,985,723,964 shares across 3,043 securities, down from 12,309,469,231 shares in 3,044 issues on July 15, 2024.
• Nasdaq Capital Market: 2,082,532,251 shares in 1,692 securities, up from 2,046,452,681 shares in 1,687 securities previously.
• Total Nasdaq securities: 14,068,256,215 shares across 4,735 securities, compared to 14,355,921,912 shares in 4,731 issues in the previous period.

The average daily volume for all Nasdaq securities decreased to 2.44 days from 2.56 days in the previous reporting period.