Nasdaq Inc Stock Price, News & Analysis

Nasdaq’s Quandl has partnered with Marex to launch the Marex Daily Speculative Positioning (MDSP), a new dataset that tracks daily aggregate holdings in the global commodities market. This initiative aims to provide traders with faster insights compared to traditional weekly reports, covering various commodities such as agriculture, metals, and energy. The collaboration combines Marex's extensive market expertise with Nasdaq’s data platform, enhancing the understanding of market participant behavior across 40 commodity products. Additional products are expected by Q3.

On June 28, 2021, Nasdaq, Inc. (NDAQ) announced the election of all nominated directors to its U.S. exchange boards. The newly elected directors include Tal Cohen, Virgis W. Colbert, Michael J. Curran, David J. Frear, Thomas A. Kloet, Elizabeth G. Martin, David Rosato, Andrew J. Schultz, and Wendy S. White. This governance action aims to enhance the leadership structure within the company, potentially driving future growth and innovation.

Nasdaq announced a record-breaking first half of 2021 with 395 IPOs raising $103 billion, marking 30 consecutive quarters of market leadership. Notably, Nasdaq hosted seven of the ten largest IPOs, including Bumble's $2.2 billion raise. The exchange also welcomed 14 corporate transfers, including Honeywell, totaling $187 billion in market value. Additionally, Nasdaq captured 67% of all SPAC IPOs, raising $59 billion. This strong performance emphasizes Nasdaq's dominance in healthcare, consumer, and technology sectors, boasting high win rates in these categories.

Nasdaq (NDAQ) reported a record-breaking 2.37 billion shares executed through its Closing Cross during the Russell U.S. Indexes' annual reconstitution, totaling $80.9 billion in just 1.97 seconds. This surpasses last year's figures of 1.57 billion shares and $56.7 billion. Nasdaq's Executive VP Tal Cohen emphasized the significance of this event for market resilience and economic recovery. With approximately $9 trillion benchmarked to Russell U.S. indexes, the reconstitution day is vital for asset managers.

Nasdaq has completed the sale of its U.S. fixed income business, Nasdaq Fixed Income (NFI), to Tradeweb Markets Inc. This strategic move, initially announced on February 2, 2021, is part of Nasdaq's effort to focus on its core technology and analytics services for global capital markets. As a result of the transaction, Nasdaq reduced its obligation to issue shares to BGC Partners, issuing approximately 6.2 million shares to Newmark SPV I, LLC. The proceeds from the sale will be used for share repurchases to mitigate long-term dilution to non-GAAP earnings per share.

Nasdaq, Inc. (NDAQ) announced regulatory approvals for the sale of its U.S. fixed income business, Nasdaq Fixed Income (NFI), to Tradeweb Markets Inc. (TW). The transaction is expected to close around June 25, 2021. This sale marks a strategic move for Nasdaq to focus on its core business operations while transferring non-core assets to Tradeweb, a leading electronic marketplace operator. Nasdaq's technology solutions are designed to enhance capital market efficiency and support client goals.

Nasdaq (NDAQ) is set to announce its Second Quarter 2021 financial results on July 21, 2021, at 8:00 AM Eastern. The announcement will be followed by a Q&A session with senior management, including the CEO and CFO. Investors can access the conference call via webcast on the Nasdaq Investor Relations website. A press release detailing the financial results will be available on the same website at approximately 7:00 AM Eastern on the same day.