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 announced the resumption of trading for Presidio Property Trust (Nasdaq: SQFT) on October 8, 2020, at 7:00 a.m. Eastern Time. Trading was previously halted on October 7, 2020, at 1:56:48 p.m. Eastern Time. Investors and stakeholders can find more information by visiting the Nasdaq website or contacting the company directly.
The Nasdaq Stock Market (NDAQ) announced a trading halt on Presidio Property Trust, Inc. (SQFT) on October 7, 2020, at 13:56:58 Eastern Time. The halt was initiated for 'additional information requested' from the company, with the last sale price recorded at $4.60. Trading will remain suspended until Presidio Property Trust fulfills Nasdaq’s request. For further updates, investors are advised to check Nasdaq's InfoQuotes section or contact the company directly.
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The Nasdaq Stock Market has announced the delisting of the American Depositary Shares of Therapix Biosciences Ltd. due to suspension since July 2, 2020. Additionally, common stock of Stein Mart, Inc. and Shiloh Industries, Inc. will also be delisted, with suspensions occurring on August 24, 2020, and September 10, 2020, respectively. Nasdaq will file Form 25 with the SEC to complete these delistings, effective ten days post-filing. For further details and information regarding the basis for these actions, stakeholders are advised to consult the companies' public filings or contact them directly.
Nasdaq has launched a new initiative aimed at supporting women and underrepresented minority communities through its Purpose Initiative. This includes a revamped Nasdaq Foundation to enhance investor engagement and a $10 million capital injection. The Smart Investing portal has also been introduced, providing educational resources for retail investors. Notably, women of color are starting businesses at a rapid pace, yet face significant funding challenges, with less than 3% of venture capital allocated to women-led teams. Nasdaq aims to bridge this gap and promote diversity in the capital markets.
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CME Group and Nasdaq announced the launch of a new futures contract based on the Nasdaq Veles California Water Index (NQH2O) in late Q4 2020, pending regulatory review. This innovative contract aims to enhance price transparency and risk management for agricultural, commercial, and municipal water users in California, a market valued at $1.1 billion. The contract allows hedging against future water price fluctuations, addressing risks related to water scarcity projected to impact two-thirds of the global population by 2025. This partnership seeks to improve market efficiency for a critical resource.
On September 16, 2020, Nasdaq (NDAQ) launched the Nasdaq Automated Investigator for AML, the first automated solution targeting anti-money laundering for financial institutions. In partnership with UK-based Caspian, this tool aims to enhance investigations into financial crimes. The automated system addresses the high volume of alerts generated by existing AML systems, increasing operational efficiency and improving decision-making through advanced AI technologies. Nasdaq plans to expand these solutions across various financial crime sectors in the future.
Nasdaq (NDAQ) has launched new Mini OMXS30 Futures, making the futures market more accessible for investors. These contracts are based on the OMXS30 index, which includes top Nordic stocks like Volvo, Ericsson, and AstraZeneca. The mini futures have a notional value one-tenth that of standard OMXS30 futures, allowing for lower investment thresholds. This move aims to enhance liquidity and provides investors with cost-effective risk management options. In March 2020, trading volumes for the standard OMXS30 futures reached record levels, highlighting strong market interest.
Nasdaq (NDAQ) released its trading volume report for August 2020, available on its investor relations website. The data sheet includes detailed monthly volumes and quarterly capture rates. Nasdaq emphasizes its role as a global technology company that empowers capital markets with diverse data, analytics, software, and services. The company also provided a cautionary note regarding forward-looking statements, highlighting potential risks such as market fluctuations and the impact of COVID-19 on its operations.