Nasdaq Inc Stock Price, News & Analysis

Nasdaq (NDAQ) has launched the Custom Basket Calculation Service (CBCS) to meet the growing demand for managing proprietary indexes and ESG investments. This service allows clients to create customized equity baskets with features such as currency and composition. Developed in partnership with S&P Global Market Intelligence, CBCS provides accurate basket calculations and adjustments for corporate actions like stock splits and dividends. Available to Nasdaq Stockholm AB and Nasdaq Clearing members, it aims to enhance flexibility in trading vehicles. Future developments may include options for creating forward contracts.

The Nasdaq Stock Market has announced the delisting of multiple companies due to their common stock suspensions. Evofem Biosciences was suspended on August 11, 2022; Creatd Inc. and Molecular Data Inc. were suspended on September 7, 2022; ECMOHO Limited was suspended on September 23, 2022; and ALFI, Inc. was suspended on October 25, 2022. The delistings are set to become effective ten days after filing a Form 25 with the SEC. For further information, stakeholders are encouraged to review public filings or contact the companies directly.

The Board of Directors of Nasdaq has declared a quarterly dividend of $0.20 per share on its common stock, payable on December 16, 2022, to shareholders of record by December 2, 2022. The future dividend declarations and payment dates will be subject to Board approval.

Nasdaq is a global technology company that provides data, analytics, software, and services to enhance capital markets and other industries.

Nasdaq reported a 6% rise in net revenues for Q3 2022, reaching $890 million, with Solutions segments revenues up 8% driven by organic growth. Annualized SaaS revenues increased 13%, constituting 35% of the company's total ARR. GAAP diluted EPS rose 5% to $0.59, while non-GAAP diluted EPS increased 15% to $0.68. Nasdaq plans to implement a new corporate structure by Q4 2022, aligning divisions to enhance client focus. Additionally, it established a Digital Assets business to facilitate institutional participation in digital asset ecosystems.

Invesco Ltd. announced the launch of the Invesco NASDAQ Future Gen 200 ETF (QQQS), targeting smaller-cap companies based on patent value. This ETF is part of the Invesco QQQ Innovation Suite, designed to enhance investor access to innovative firms not included in the Nasdaq 100 Index or Nasdaq Next Generation 100 Index. Companies selected will demonstrate a commitment to innovation through high-quality patents, potentially indicating future growth. The ETF will track the Nasdaq Innovators Completion Cap Index, created in partnership with IPR Strategies.

Nasdaq (NDAQ) has disclosed its monthly volumes for September 2022, alongside quarterly data on estimated revenue capture, listings, and index statistics for Q3 2022. This information is available on its investor relations website. The company emphasizes its role as a global technology provider in capital markets, offering data, analytics, and software solutions. Nasdaq also warns that the provided forward-looking statements involve risks and uncertainties that could impact future performance significantly.

Nasdaq has announced a partnership with DBS, Asia's largest bank, to implement its cloud-based Trade Surveillance technology. This collaboration aims to enhance DBS's market abuse detection capabilities across various asset classes, including equities and derivatives. The technology offers a flexible interface for monitoring trading activities and provides over 200 tailored alerts for detecting trading anomalies. The partnership underscores Nasdaq’s role in supporting financial institutions in ensuring market integrity and safeguarding investor interests.