Nasdaq Inc Stock Price, News & Analysis

Nasdaq (NDAQ) has announced its schedule for the third quarter 2024 financial results release and investor conference call. The event is set for Thursday, October 24, 2024, with the following timeline:

- Press release and results presentation will be available at approximately 7:00 AM Eastern on the Nasdaq Investor Relations website.
- The results call will begin at 8:00 AM Eastern.

Nasdaq's CEO, CFO, and other senior management team members will review the Q3 2024 financial results and be available for questions from the investment community. Interested parties can access the conference via webcast through the Nasdaq Investor Relations website at http://ir.nasdaq.com/.

Nasdaq Verafin, a leading provider of crime fighting technology, has announced enhancements to its AI-based Targeted Typology Analytics. The suite now includes new detection capabilities for terrorist financing and drug trafficking activity. These crimes are estimated to fuel over $11 billion in terrorist financing and nearly $800 billion in drug trafficking globally in 2023.

The enhanced analytics aim to help banks improve the efficiency and effectiveness of their AML/CFT programs. Nasdaq Verafin's approach uses advanced AI techniques to risk-rate multiple pieces of evidence based on specific indicators of financial crime typology. This helps banks stay ahead of evolving threats and manage increasing regulatory expectations.

The new capabilities are expected to deliver high-quality results with fewer false positives compared to conventional approaches. They will also uncover patterns of criminal activity by analyzing a wide range of data, including insights from Nasdaq Verafin's unique consortium data set of more than 2,500 banks.

Nasdaq has expanded its digital bank financial technology presence in Latin America, agreeing to provide its AxiomSL regulatory reporting solution to Nubank, a leading digital bank with over 100 million customers across Brazil, Mexico, and Colombia. This expansion reflects the growing demand for third-party fintech solutions in the region, driven by rapid digital banking growth and the need for technology supporting quick product launches.

Nasdaq serves over 50 banking and payment services clients in Latin America, offering technologies like AxiomSL for financial and regulatory reporting, and Calypso for treasury, risk, and collateral management. In the past year, over half of Nasdaq's Latin American clients have expanded their technology partnerships, alongside strong new customer growth.

The expansion comes amid a 340% growth in fintech startups in Latin America over the last six years, with regulatory frameworks evolving to support open finance and digital banking. Nasdaq's technology aims to help banks navigate the complex regulatory environment across multiple jurisdictions, enabling responsible scaling in this fast-paced industry.

Nasdaq (NDAQ) and BYMA, Argentina's leading stock exchange group, have expanded their technology partnership. BYMA will adopt Nasdaq's real-time clearing platform for its central counterparty clearinghouse (CCP), complementing their existing partnership with Caja de Valores, Argentina's central securities depository. This move will enhance BYMA's post-trade ecosystem, improving speed, capacity, and connectivity while optimizing risk management.

The new system will allow BYMA to add capacity during high-volume periods and launch new products more quickly. It supports BYMA's shift to a model where cash and security settlement occurs at the central securities depository after netting at the clearing house, aligning with international best practices. This change will centralize liquidity, optimize collateral management, and simplify BYMA's existing structure.

The Nasdaq Stock Market (NDAQ) has announced the delisting of securities from ten companies: OceanTech Acquisitions I Corp., OCA Acquisition Corp., Assure Holdings Corp., Selina Hospitality PLC, Maquia Capital Acquisition , ToughBuilt Industries, Inc., SunPower , Meta Materials Inc., Talis Biomedical , and Holdco Nuvo Group D.G These companies' securities were suspended from trading on Nasdaq between January 24, 2024, and September 3, 2024, and have not traded since their respective suspension dates. The delisting affects various types of securities, including common stocks, units, warrants, and ordinary shares. For more information on Nasdaq's delisting rules, investors can refer to the Nasdaq Rule 5800 Series available on the Nasdaq website.

Nasdaq has released its end-of-month open short interest positions for Nasdaq stocks as of the settlement date August 30, 2024. Key points include:

1. Nasdaq Global Market securities: 12,296,040,928 shares across 3,037 issues, representing 3.38 days of average daily volume.

2. Nasdaq Capital Market securities: 2,103,446,709 shares across 1,668 issues, representing 1.27 days of average daily volume.

3. Total short interest for all 4,705 Nasdaq securities: 14,399,487,637 shares, representing 2.72 days of average daily volume.

This report provides insights into market sentiment and trading activity for Nasdaq-listed securities, which is valuable for investors and analysts tracking market trends.

Nasdaq (NDAQ) has halted trading for BAIYU Holdings, Inc. (BYU) on September 5, 2024, at 19:50:00 Eastern Time. The halt occurred at a last sale price of $1.02 and will continue until BYU fully satisfies Nasdaq's request for additional information. Additionally, the Securities and Exchange Commission has imposed a trading suspension on BYU from September 6, 2024, at 09:30:00 until September 19, 2024, at 23:59:00. Investors can find more details about the SEC's order on their website. For further information about BYU, interested parties are advised to contact the company directly or use InfoQuotes on Nasdaq's website.

Nasdaq (NDAQ) has implemented a change in accounting treatment for AxiomSL on-premises subscription revenues, now recognizing 100% ratably over the contract term instead of 50% upfront. This change results in a one-time, non-cash GAAP revenue reduction of $32 million for Q3 2024, covering November 2023 to June 2024. The adjustment aligns AxiomSL's revenues more closely with its annualized recurring revenue (ARR) and cash economics.

Despite this accounting change, Nasdaq reaffirms its medium-term growth outlook for all divisions and sub-divisions, including AxiomSL and Calypso combined. The company expects the Regulatory Technology sub-division to grow within its medium-term revenue growth outlook range for full-year 2024. This change does not impact AxiomSL's historical ARR, cash flows, or cloud-delivered license revenues.

Nasdaq (NDAQ) has announced a new leadership structure for its Financial Crime Management Technology business. Stephanie Champion, a 13-year Nasdaq Verafin veteran, has been appointed as the new EVP and Head of Nasdaq Verafin. Jeremy Skule, Nasdaq's Chief Strategy Officer, will take on an expanded role as Executive Chair of the Financial Crime Management Technology business.

Champion brings extensive expertise in the anti-financial crime industry and a strong track record of growth. She has been instrumental in driving Nasdaq Verafin's revenue growth and attracting major bank clients. Skule will support the development of Nasdaq Verafin's strategic roadmap, including global expansion and integration objectives.

Nasdaq Verafin is the global leader in financial crime management technology, serving over 2,500 banks with combined assets exceeding $9 trillion. The new leadership structure aims to support the business' strong momentum and continue its growth trajectory in addressing the $3 trillion financial crime challenge.