Nasdaq Inc Stock Price, News & Analysis

Nasdaq (NDAQ) and the Indonesia Stock Exchange (IDX) have announced an expanded technology partnership to upgrade IDX's core trading platform to Nasdaq’s advanced matching engine. The partnership aims to enhance market resilience, quadruple transaction capacity, and support Indonesia's economic growth.

The deal also extends Nasdaq’s market surveillance partnership with IDX and aims to enhance IDX's Index business, fostering a more sophisticated global capital markets ecosystem. IDX has seen a significant growth in trading volumes and investor numbers in recent years, solidifying its position among ASEAN markets.

Nasdaq's scalable platform will support IDX’s ability to handle traditional and digital assets, offering flexibility for new product launches. The modernization aligns with strategic pillars set by OJK, Indonesia’s Financial Services Authority, to develop a robust capital market.

On June 13, 2024, Nasdaq announced that Arm Holdings (Nasdaq: ARM) will join the Nasdaq-100 Index®, Nasdaq-100 Equal Weighted™ Index, Nasdaq-100 Tech Sector™ Index, Nasdaq-100 Technology Sector Market-Cap Weighted™ Index, and Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index on June 24, 2024. Arm Holdings will replace Sirius XM Holdings (Nasdaq: SIRI). Consequently, Sirius XM will be removed from multiple Nasdaq indices, including the Nasdaq-100 Ex-Tech Sector™ Index and Nasdaq-100 ESG Index. This inclusion of Arm Holdings highlights its growing influence and market significance.

Nasdaq (NDAQ) announced that key executives will present at three major investor conferences in June 2024. Tal Cohen, President, Nasdaq, will speak at the Morgan Stanley US Financials, Payments & CRE Conference on June 12 at 3:15 PM ET. Sarah Youngwood, Executive Vice President & CFO, Nasdaq, will present at the Mizuho Technology Conference on June 12 at 3:15 PM ET, and the Jefferies Global FinTech Conference on June 13 at 9:00 AM ET. Webcasts for these events will be available on Nasdaq’s Investor Relations website.

Nasdaq has reported end-of-month short interest positions for its listed securities as of May 31, 2024. Total short interest across 3,059 Nasdaq Global Market securities reached 11.83 billion shares, up from 11.65 billion shares in 3,063 securities as of May 15, 2024. This represents an average daily volume of 3.54 days, compared to 3.15 days previously. Short interest in 1,695 Nasdaq Capital Market securities totaled 2.05 billion shares, up from 1.97 billion shares across 1,719 securities, averaging 1.00 day of daily volume, down from 1.61 days. Overall, short interest in all 4,754 Nasdaq securities totaled 13.89 billion shares, up from 13.62 billion shares in 4,782 securities, with an average of 1.73 days of daily volume, down from 2.77 days. This data reflects shares sold short by brokers/dealers across all affiliations.

On June 11, 2024, Nasdaq (NDAQ) held its Annual Meeting of Shareholders, announcing the election of all 12 nominated directors. Kathryn A. Koch, with over 20 years of asset management experience, joins as an independent director. Adena T. Friedman was re-elected as Chair of the Board. The elected directors will serve one-year terms. Other board members include executives from AT&T, General Electric, TCW Group, Thoma Bravo, Applied Materials, SEB, SAIC, InvestCloud, and Siris Capital Group. Shareholders also approved executive compensation and Ernst & Young LLP as the accounting firm for the fiscal year ending December 31, 2024. A proposal for special shareholder meeting improvements was not approved.

Nasdaq (NDAQ) reported its monthly trading volumes for May 2024. The data is available on its Investor Relations website. For detailed figures, visit the provided link.

Nasdaq (NDAQ) announced that its Chair and CEO, Adena Friedman, will present at the Piper Sandler Global Exchange & Trading Conference. The event is scheduled for June 5, 2024, at 8:00 AM ET. Ms. Friedman's presentation will be available via webcast on Nasdaq's Investor Relations website.

The conference is an opportunity for Nasdaq to engage with investors and stakeholders, providing insights into the company's strategic vision and performance. The webcast can be accessed at: ir.nasdaq.com/events.cfm.

The Nasdaq Stock Market announced the delisting of several companies' securities due to prolonged suspension. On February 28, 2024, RiskOn International Inc.'s common stock was suspended, followed by Graphjet Technology's warrants on March 15, 2024, and Agile Therapeutics Inc.'s common stock on March 26, 2024. NextPlay Technologies Inc.'s common stock was suspended on April 15, 2024, Relativity Acquisition Corp.'s Class A common stock, units, and warrants on May 2, 2024, iSun Inc.'s common stock on May 23, 2024, Ace Global Business Acquisition 's ordinary shares, warrants, and units on May 24, 2024, and Marpai Inc.'s Class A common stock on May 29, 2024. These delistings are effective immediately. For detailed Nasdaq rules, visit their website.

Nasdaq (NDAQ) has introduced new AI-powered features for its Nasdaq Boardvantage® Board Portal, hosted on Microsoft Azure. These enhancements aim to streamline board material summarization, providing strategic insights and actionable recommendations. This collaboration with Microsoft seeks to help governance teams save time and costs, enabling them to focus on critical initiatives. A Nasdaq survey revealed that 84% of board members expect increased scrutiny and time demands. By integrating generative AI capabilities, Nasdaq aims to automate labor-intensive governance tasks. The platform is available in Asia and is rolling out in North America, with plans for global expansion. Nasdaq will host a “Future of the Boardroom” virtual event on May 31, 2024, featuring discussions on trends and technologies in corporate governance.