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. reports developments across its market infrastructure, index, data, listings and financial technology businesses. Company news commonly covers monthly trading volumes, quarterly volume and listings statistics, earnings releases, dividend announcements, and operating trends in divisions such as Financial Technology.
Nasdaq updates also include changes to the Nasdaq-100 Index and other Nasdaq Global Indexes, trading halt and resumption notices from The Nasdaq Stock Market, and corporate governance or capital-structure matters. Its financial technology activities include solutions tied to capital management, financial crime and regulatory compliance software.
Nasdaq has announced its acquisition of Verafin for US$2.75 billion in cash, enhancing its position as a leading SaaS technology provider in anti-financial crime solutions. Verafin's cloud products deliver approximately 30% compound annual recurring revenue growth within a US$13 billion addressable market. The acquisition is expected to increase Nasdaq's revenue contribution from the Market Technology segment to 47% and enhance its growth outlook to 6-9%.
The deal is projected to add EPS accretion starting in 2022.
Nasdaq CEO Adena Friedman will present at the J.P. Morgan Ultimate Services Investor Conference on November 19, 2020, at 3:25 PM ET. This presentation will be available via webcast on Nasdaq's Investor Relations website. Nasdaq, trading under the symbol NDAQ, is a global technology company dedicated to serving capital markets and other sectors with data, analytics, software, and services that help clients achieve their business goals.
Nasdaq has launched a new product, Gross Return Futures, that allows investors in Sweden, Norway, Denmark, and Finland to manage single stock futures without the impact of dividends. This innovation comes amid increased demand from institutional investors for products that exclude dividend risks during volatile market conditions due to the pandemic. The futures are now available for trading, enhancing Nasdaq's position in Nordic derivatives markets, where it currently controls significant market shares in various stock options and indices.
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Nasdaq (NDAQ) announced its monthly trading volumes for October 2020 on its investor relations site. The report includes comprehensive data regarding monthly volumes and quarterly capture rates, which are crucial for assessing market activity. Investors can access detailed information through the provided link. Nasdaq continues to provide a range of data and analytics aimed at enhancing business decision-making. The company also emphasizes that forward-looking statements made in the report involve various risks and uncertainties, including potential impacts from the COVID-19 pandemic.
The Nasdaq Stock Market announced the delisting of several companies due to prolonged trading suspensions. Town Sports International's common stock was suspended on September 24, 2020, and will be delisted along with Lonestar Resources and Oasis Petroleum, both suspended on October 12, 2020. Atlas Financial Holdings and Zion Oil also face delisting after their shares were suspended on September 2, 2020. Nasdaq will file a Form 25 with the SEC to formalize these delistings, effective ten days post-filing. For further details, companies' public filings are recommended.
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Nasdaq (NDAQ) announced that Michael Ptasznik will retire as Chief Financial Officer (CFO) effective February 28, 2021, with Ann Dennison succeeding him on March 1, 2021. Ptasznik's tenure included leading strategic business reviews, executing $1.1 billion in acquisitions, and managing $3.5 billion in debt refinancing. Dennison, who has over 20 years of experience, previously held the role of Senior Vice President, Controller, and Chief Accounting Officer. Her appointment is seen as a continuation of Nasdaq’s growth strategy as a leading technology company.
The Board of Directors of Nasdaq has declared a quarterly dividend of $0.49 per share on its common stock. This dividend is payable on December 18, 2020, to shareholders of record as of the close of business on December 4, 2020. Future dividends will be determined by the Board of Directors. Caution is advised regarding forward-looking statements, which involve risks and uncertainties affecting performance.
Nasdaq reported third quarter 2020 net revenues of $715 million, a 13% increase from the previous year, driven by organic growth in both trading and non-trading segments. GAAP diluted EPS rose 76% to $1.58. Operating margins improved, with GAAP margins at 46%. The company returned $115 million to shareholders this quarter. Nasdaq announced an Investor Day on November 10, 2020 to discuss its strategy. Major highlights included a record 660 million U.S. options contracts traded and significant growth in Assets Under Management (AUM), which increased by 51% year-over-year.