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's CIO and CTO, Brad Peterson, will present at the Deutsche Bank Virtual Technology Conference 2020 on September 14 at 4:40 PM ET. Additionally, Nasdaq's CFO, Michael Ptasznik, is scheduled to speak at the Barclays Virtual Global Financial Services Conference 2020 on September 15 at 2:45 PM ET. Both events will be webcasted on Nasdaq’s Investor Relations website, providing insights into the company's technology and financial strategies.
The Saudi Stock Exchange (Tadawul) launched its first Derivatives Market and clearinghouse, Muqassa, powered by Nasdaq's market technology on August 30, 2020. The initial product, MT30 Index Futures, is based on the MSCI Tadawul 30 Index, providing vital hedging tools for investors. This initiative supports the Financial Sector Development Program under Saudi Vision 2030, aimed at attracting both local and international investors. Tadawul’s CEO emphasized the importance of this development in enhancing trading opportunities and managing market risks.
Nasdaq has announced that Pinduoduo, Inc. will enter the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index effective August 24, 2020. Pinduoduo will replace NetApp, Inc. in these indexes, which indicates a significant recognition of Pinduoduo in the market. Additionally, NetApp will be excluded from the NASDAQ-100 Technology Sector Index and will enter the NASDAQ-100 Ex-Technology Index at the next quarterly rebalancing.
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The Nasdaq Stock Market has announced the delisting of several companies due to their suspension from trading. KemPharm, Endologix, VIVUS, SAExploration Holdings, Ascena Retail Group, and Global Eagle Entertainment have all been suspended from trading since May to August 2020. A Form 25 will be filed with the SEC to finalize these delistings, which will take effect ten days after filing. For further details about the companies' situations, stakeholders are advised to consult public filings or contact the companies directly.
On August 12, 2020, Nasdaq CFO Michael Ptasznik will present at the UBS Financial Services Virtual Conference 2020 at 1:20 PM ET. The presentation will be available via livestream on Nasdaq's Investor Relations website. Nasdaq, known for its technology solutions and data services in capital markets, invites stakeholders to engage with its offerings. For further insights, visit www.nasdaq.com.
On August 10, 2020, Nasdaq (NDAQ) announced a significant market technology agreement with the Dubai Gold & Commodities Exchange (DGCX). This partnership will allow Nasdaq to deliver a comprehensive suite of marketplace solutions, enhancing trading, real-time clearing, pre-trade risk management, and market intelligence. The goal is to bolster DGCX's capabilities as a leading commodities derivatives exchange and provide full clearing services to other marketplaces. Nasdaq's technology supports over 250 market infrastructure organizations worldwide, strengthening DGCX's position in the capital markets.
The Nasdaq Stock Market (NDAQ) announced that trading for SCWorx Corp. (WORX) will resume on August 10, 2020, at 7:00 a.m. ET. Trading for SCWorx was halted on April 22, 2020. This resumption indicates the company's compliance with regulatory requirements. Investors eager to track SCWorx's performance can find more details via Nasdaq's InfoQuotes service.
BigCommerce Holdings celebrated its initial public offering (IPO) on Nasdaq, marking a significant milestone for the company. With approximately 60,000 online stores served across 120 countries, BigCommerce offers an open SaaS ecommerce platform designed for both emerging and established brands. The platform includes essential features such as store design, catalog management, and integration with third-party services. CEO Brent Bellm expressed gratitude to employees, partners, and customers for their support in achieving this milestone, aiming to accelerate ecommerce through Open SaaS.
The Nasdaq Stock Market announced the delisting of Class A Common Stock, Units, and Warrants of Rosehill Resources Inc. on August 3, 2020. These securities were suspended from trading and have not traded since that date. Nasdaq will file a Form 25 with the SEC to finalize the delistings, which will take effect ten days after the filing. For further details, including the reasons for delisting and trading status on other venues, stakeholders are advised to review company filings or directly contact the company.