Nasdaq, Inc.#Exchanges
{{Short description|American multinational financial services corporation}}
{{For|the namesake stock exchange owned by this company|Nasdaq}}
{{Use American English|date=December 2022}}
{{Use mdy dates|date=February 2021}}
{{Infobox company
| name = Nasdaq, Inc.
| former_names = {{ubl|The NASDAQ Stock Market, Inc. (1971–2008)|NASDAQ OMX Group, Inc. (2008–2014)}}
| logo = NASDAQ Logo.svg
| logo_size = 250px
| logo_caption = Logo used since 2018
| image = NYC - Midtown Manhattan – Times Square – Broadway by night - panoramio (2).jpg
| image_size = 250px
| image_caption = Nasdaq MarketSite in New York City at night
| type = Public
| traded_as = {{unbulleted list|{{NASDAQ|NDAQ}}|S&P 500 component}}
| industry = Financial services
| foundation = {{Start date and age|1971|2|8}}
| location = One Liberty Plaza
| location_city = New York City
| location_country = United States
| key_people = {{ubl|Michael Splinter (chairman)|Adena Friedman (CEO)}}
| area_served = United States, Europe
| products = {{ubl|Stock trading|Derivatives|Equity trading platforms|Futures and Options|Market data|Securities exchanges|Financial technology and related services}}
| revenue = {{increase}} {{US$|7.40 billion|link=yes}} (2024)
| operating_income = {{increase}} {{US$|1.80 billion}} (2024)
| net_income = {{increase}} {{US$|1.12 billion}} (2024)
| assets = {{decrease}} {{US$|30.4 billion}} (2024)
| equity = {{increase}} {{US$|11.2 billion}} (2024)
| num_employees = 9,162 (2024)
| owner =
| subsid = {{ubl|International Securities Exchange|Nasdaq|Nasdaq Nordic|Adenza|Verafin}}
| homepage = {{url|https://www.nasdaq.com/|nasdaq.com}}
| footnotes = {{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1120193/000112019325000008/ndaq-20241231.htm | title=Nasdaq, Inc. 2024 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission | date=February 21, 2025 | access-date=February 25, 2025 }}{{cite web | url=https://www.sec.gov/Archives/edgar/data/1120193/000119312522127870/d280627ddef14a.htm#toc280627_60 | title=Nasdaq, Inc. 2022 Proxy Statement | publisher=U.S. Securities and Exchange Commission | date=28 April 2022 | access-date=February 28, 2023 | archive-date=February 28, 2023 | archive-url=https://web.archive.org/web/20230228102834/https://www.sec.gov/Archives/edgar/data/1120193/000119312522127870/d280627ddef14a.htm#toc280627_60 | url-status=live }}
}}
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange (on which it is also listed), the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.
Historically, the European operations have been known by the company name OMX AB (Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange), which was created in 2003 upon a merger between OM AB and HEX plc. The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group) since February 2008.{{Cite web |last=Jaworski |first=Alexa |date=February 29, 2008 |title=OMX Acquisition Complete, Nasdaq Agrees to Invest in OTC Commodities Platform |url=http://www.securitiesindustry.com/news/22064-1.html |url-status=dead |archive-url=https://web.archive.org/web/20110716031951/http://www.securitiestechnologymonitor.com/news/22064-1.html |archive-date=Jul 16, 2011 |website=Securities Technology Monitor}} They are now known as Nasdaq Nordic, which provides financial services and operates marketplaces for securities in the Nordic and Baltic regions of Europe.{{cite web |date=July 12, 2016 |title=Nasdaq Nordic and Nasdaq Clearing Appoint New Board Members |url=https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=719557&lang=en |url-status=live |archive-url=https://web.archive.org/web/20160914031835/https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=719557&lang=en |archive-date=September 14, 2016 |access-date=August 11, 2016 |publisher=NASDAQ}}
History
= 1980–2008: European bourses merged in OMX AB =
{{Further|Nasdaq Iceland#History|Nasdaq Stockholm#History|Nasdaq Copenhagen#History|Nasdaq Helsinki#History|Nasdaq Tallinn#History|Nasdaq Riga#History|Armenia Securities Exchange#History}}
OM AB (Optionsmäklarna) was a futures exchange founded by Olof Stenhammar in the 1980s to introduce trading in standardized option contracts in Sweden. OM acquired the Stockholm Stock Exchange in 1998{{cite web |url=http://www.nasdaqomx.com/whoweare/milestones/ |title=Milestones |access-date=September 28, 2010 |publisher=NASDAQ OMX Group |url-status=live |archive-url=https://web.archive.org/web/20100826051825/http://www.nasdaqomx.com/whoweare/milestones/ |archive-date=August 26, 2010}} and unsuccessfully attempted acquisition of the London Stock Exchange in 2001.{{cite news |last= Treanor |first= Jill |title= Stock Exchange teams up with OM |url= https://www.theguardian.com/business/2002/dec/10/3 |work= The Guardian |date= December 10, 2002 |access-date= February 29, 2008 |location= London |url-status= live |archive-url= https://web.archive.org/web/20140910093929/http://www.theguardian.com/business/2002/dec/10/3 |archive-date= September 10, 2014}} During the dot-com bubble in the early 21st century, OM, together with investment bank Morgan Stanley Dean Witter, launched a virtual European stock exchange called Jiway. The project was not successful{{cite news |title=OM losses shock analysts |url=http://news.bbc.co.uk/1/hi/business/1283149.stm |work=BBC News |date=April 18, 2001 |access-date=February 29, 2008 |url-status=live |archive-url=https://web.archive.org/web/20060512141501/http://news.bbc.co.uk/1/hi/business/1283149.stm |archive-date=May 12, 2006}} and was canceled on October 14, 2002.{{cite news
|title = City briefing: Jiway eases bourse clutter
|url = https://www.theguardian.com/business/2002/oct/15/3
|work = The Guardian
|date = October 15, 2002
|access-date = February 29, 2008
|location = London
|url-status = live
|archive-url = https://web.archive.org/web/20140909220803/http://www.theguardian.com/business/2002/oct/15/3
|archive-date = September 9, 2014}}
On September 3, 2003, the Helsinki Stock Exchange (HEX) merged with OM, and the joint company became OMHEX.{{cite news |last=Leighton-Jones |first=Phillipa |title=OMHex appoints new chief executive as trading begins |url=http://www.highbeam.com/doc/1G1-107354904.html |work=Financial News |date=September 4, 2003 |access-date=February 29, 2008 |url-status=dead |archive-url=https://web.archive.org/web/20110517025440/http://www.highbeam.com/doc/1G1-107354904.html |archive-date=May 17, 2011}} On August 31, 2004, the brand name of the company was changed to OMX.{{cite news |title=OMHEX changes name to OMX |url=http://www.finextra.com/fullpr.asp?id=1849 |work=Finextra |date=August 31, 2004 |access-date=February 29, 2008 |archive-date=October 19, 2019 |archive-url=https://web.archive.org/web/20191019001810/https://www.finextra.com/news/announcement.aspx?pressreleaseid=1849 |url-status=live }} OMX then acquired the Copenhagen Stock Exchange in January 2005 for €164 million.{{cite news |last=Akerhielm |first=Maria |title=OMX to Buy Copenhagen Exchange |work=Dow Jones Newswires |date=November 16, 2004 |access-date=February 29, 2008 |url=https://www.wsj.com/articles/SB110055938532074717 |url-status=live |archive-url=https://web.archive.org/web/20160310125456/http://www.wsj.com/articles/SB110055938532074717 |archive-date=March 10, 2016}} On September 19, 2006, the Iceland Stock Exchange owner Eignarhaldsfelagid Verdbrefathing (EV) announced it would be acquired by OMX in a deal valuing the company at 250 million SEK.{{cite news|title=OMX to buy Iceland bourse owner in all share deal |work=AFX News |date=September 19, 2006 |access-date=February 29, 2008 |url=https://www.forbes.com/business/feeds/afx/2006/09/19/afx3026507.html }}{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}} The transaction was completed by the end of the year.
The company took a 10% stake in Oslo Børs Holding ASA, the owner of the Oslo Stock Exchange in October 2006. As of September 2016, Nasdaq is not a major shareholder in the Oslo Stock Exchange holding company, which following a merger is currently called Oslo Børs VPS Holding ASA. Nasdaq has, however, publicly stated its interest in eventually acquiring the Oslo Stock Exchange.{{cite web
|url = http://www.osloborsvps.no/obvps_eng/Oslo-Boers-VPS/The-share/Top-20-Shareholders
|title = Top 20 Shareholders
|access-date = September 2, 2016
|publisher = Oslo Børs VPS
|url-status = live
|archive-url = https://web.archive.org/web/20160923233002/http://www.osloborsvps.no/obvps_eng/Oslo-Boers-VPS/The-share/Top-20-Shareholders
|archive-date = September 23, 2016}}{{cite web
|url = http://www.osloborsvps.no/obvps_eng/Oslo-Boers-VPS/About-Oslo-Boers-VPS
|title = About Oslo Børs VPS
|access-date = September 2, 2016
|publisher = Oslo Børs VPS
|url-status = live
|archive-url = https://web.archive.org/web/20160831131113/http://www.osloborsvps.no/obvps_eng/Oslo-Boers-VPS/About-Oslo-Boers-VPS
|archive-date = August 31, 2016}}{{cite news
|title = Nasdaq interested in Oslo Bors, but feels Norwegian chill
|work = Reuters|date = March 31, 2016
|access-date = September 2, 2016
|url = https://www.reuters.com/article/nasdaq-oslo-bors-vps-idUSL2N1731R2
|url-status = live
|archive-url = https://web.archive.org/web/20160915135942/http://www.reuters.com/article/nasdaq-oslo-bors-vps-idUSL2N1731R2
|archive-date = September 15, 2016}}
In November 2007, OMX acquired the Armenian Stock Exchange and the Central Depository of Armenia.{{cite web|url=http://www.cisionwire.com/omx/omx-acquires-the-armenian-stock-exchange-and-the-central-depository-of-armenia-2|title=OMX - press release|publisher=Cision Wire|access-date=November 21, 2007|url-status=dead|archive-url=https://web.archive.org/web/20090716004433/http://www.cisionwire.com/omx/omx-acquires-the-armenian-stock-exchange-and-the-central-depository-of-armenia-2|archive-date=July 16, 2009}} Nasdaq sold the exchange and the depository in 2018 to the Central Bank of Armenia.Nair, Devika; Babu, Juby; Joseph, Jose (December 9, 2023). Klamann, Edmund (ed.). [https://www.reuters.com/business/finance/nasdaq-pay-4-mln-settlement-over-apparent-iran-sanctions-violations-2023-12-09/ "Nasdaq to pay $4 mln settlement over apparent Iran sanctions violations"]. Reuters. Retrieved April 29, 2025.
In December 2005, OMX started First North, an alternative exchange for smaller companies, in Denmark. The First North exchange expanded to Stockholm in June 2006, Iceland in January 2007 and Helsinki in April 2007.{{cite news
|title= OMX: First North Services Expand to Finland |work=Business Wire
|date=April 3, 2007 |access-date=February 29, 2008
|url=http://www.accessmylibrary.com/coms2/summary_0286-30215294_ITM}} The Markets Technology division of Computershare was acquired in 2006. The acquisition greatly expanded its product offerings and made its client list the largest of all trading system technology providers.
On October 2, 2006, the group launched a virtual Nordic Stock Exchange after merging the individual lists of shares traded at its three wholly owned Nordic exchanges into a combined Nordic List.{{cite press release
|title= The OMX Nordic Exchange strengthens its position as a leading European marketplace
|publisher=OMX |date=October 2, 2006 |access-date=February 29, 2008 |url= http://www.omxnordicexchange.com/newsandstatistics/marketnotices/Article/?msgId=619404&lang=en}} Companies listed on the Iceland Stock Exchange have also since been merged into the list. OMX also launched a pan-regional benchmark index known as the OMX Nordic 40 on the same date; however, the individual exchanges have also retained their own national benchmark indices.
= 1971–2008: NASDAQ =
{{Further|Nasdaq#History}}
=== 2006–2007: Attempted acquisition of the London Stock Exchange ===
In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. The LSE described the offer as "derisory". It then received a bid in March 2006 for £2.4 billion from NASDAQ, which was also rejected by the LSE. NASDAQ later pulled its bid, and less than two weeks later on April 11, 2006, struck a deal with LSE's largest shareholder, Ameriprise Financial's Threadneedle Asset Management unit, to acquire all of that firm's stake, consisting of 35.4 million shares, at £11.75 per share.{{Cite news |last1=Patrick |first1=M. |last2=Lucchetti, A. |last3=Reilly, D. |last4=Taylor, E. |date=April 11, 2006 |title=Nasdaq Acquires 15% of LSE |publisher=The Wall Street Journal |url=https://www.wsj.com/articles/SB114477409808123029 |access-date=August 8, 2017 |archive-date=August 12, 2017 |archive-url=https://web.archive.org/web/20170812140829/https://www.wsj.com/articles/SB114477409808123029 |url-status=live }} NASDAQ also purchased 2.69 million additional shares, resulting in a total stake of 15%. While the seller of those shares was undisclosed, it occurred simultaneously with a sale by Scottish Widows of 2.69 million shares.{{Cite news |date=April 12, 2006 |title=Scottish Widows says has sold 2.7 mln LSE shares at 1,175 pence |work=Forbes.com |url=https://www.forbes.com/finance/feeds/afx/2006/04/12/afx2665242.html|archive-url=https://web.archive.org/web/20070305072552/http://www.forbes.com/finance/feeds/afx/2006/04/12/afx2665242.html|url-status=dead|archive-date=March 5, 2007}} The move was seen as an effort to force LSE to negotiate either a partnership or eventual merger, as well as to block other suitors such as NYSE Euronext, owner of the New York Stock Exchange.{{Cite news |last=Ortega |first=E. |date=April 11, 2006 |title=Nasdaq Buys 15 Percent Stake in LSE for $782 Million |publisher=Bloomberg News |url=https://www.bloomberg.com/apps/news?pid=10000103&sid=aY106PolhKUQ&refer=us |access-date=March 10, 2017 |archive-date=September 30, 2007 |archive-url=https://web.archive.org/web/20070930050228/http://www.bloomberg.com/apps/news?pid=10000103&sid=aY106PolhKUQ&refer=us |url-status=live }}
Subsequent purchases increased NASDAQ's stake to 29%, holding off competing bids for several months. However, only a further 0.4% of shareholders accepted the offer by the deadline and therefore the offer was rejected{{Cite news |date=February 11, 2007 |title=LSE woos Tokyo after US bid fails |publisher=BBC News |url=http://news.bbc.co.uk/2/hi/business/6351555.stm |access-date=April 19, 2007 |archive-date=February 21, 2007 |archive-url=https://web.archive.org/web/20070221064613/http://news.bbc.co.uk/2/hi/business/6351555.stm |url-status=live }} on February 10, 2007.
=2007: Creation of Nasdaq OMX Group=
On May 25, 2007, NASDAQ agreed to buy OMX for US$3.7 billion.{{cite news |title=Nasdaq bids $3.7bn for Nordic OMX |url=http://news.bbc.co.uk/1/hi/business/6690419.stm |work=BBC News |date=May 25, 2007 |access-date=February 29, 2008 |url-status=live |archive-url=https://web.archive.org/web/20071004024503/http://news.bbc.co.uk/1/hi/business/6690419.stm |archive-date=October 4, 2007}} In August, however, Borse Dubai offered US$4 billion, prompting speculation of a bidding war.{{cite news |title=Dubai in $4bn bid for Nordic OMX |url=http://news.bbc.co.uk/2/hi/business/6951878.stm |work=BBC News |date=August 17, 2007 |access-date=February 29, 2008 |url-status=live |archive-url=https://web.archive.org/web/20081123070525/http://news.bbc.co.uk/2/hi/business/6951878.stm |archive-date=November 23, 2008}} On September 20, 2007, Borse Dubai agreed to stop competing to buy OMX in return for a 20% stake and 5 percent of votes in NASDAQ as well as NASDAQ's then 28% stake in the London Stock Exchange.{{cite news |last=Magnusson |first=Niklas |author2=McSheehy, Will |title=Dubai to Buy Stakes in Nasdaq, LSE; Strikes OMX Deal |url=https://www.bloomberg.com/apps/news?pid=20601087&sid=aqzGAS7oAezg |work=Bloomberg |date=September 20, 2007 |access-date=February 29, 2008 |url-status=live |archive-url=https://web.archive.org/web/20080116135127/http://www.bloomberg.com/apps/news?pid=20601087 |archive-date=January 16, 2008}} In a complex transaction, Borse Dubai acquired 97.2% of OMX's outstanding shares before selling them on to NASDAQ.{{cite news |title= Borse Dubai completes planned sale of OMX to Nasdaq |url= http://www.iht.com/articles/ap/2008/02/27/business/EU-FIN-Sweden-Borse-Dubai-OMX.php |agency= Associated Press |work= International Herald Tribune |date= September 27, 2007 |access-date= February 29, 2008 |archive-date= October 19, 2019 |archive-url= https://web.archive.org/web/20191019001717/https://www.nytimes.com/ |url-status= live }} The newly merged company was renamed the NASDAQ OMX Group upon completion of the deal on February 27, 2008.
On June 18, 2012, NASDAQ became a founding member of the United Nations Sustainable Stock Exchanges initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20).{{Cite web |title=Sustainable Stock Exchanges Initiative: Exchanges listing over 4,600 companies commit to promoting sustainability |url=https://www.reuters.com/article/2012/06/18/idUS166113+18-Jun-2012+HUG20120618 |url-status=dead |archive-url=https://web.archive.org/web/20140513011240/http://www.reuters.com/article/2012/06/18/idUS166113+18-Jun-2012+HUG20120618 |archive-date=May 13, 2014 |access-date=May 13, 2014 |website=Reuters.com}}
=2017: Launch of Nasdaq Ventures=
In April 2017, Nasdaq launched Nasdaq Ventures, a venture investment program focused on companies that will help Nasdaq grow its product lines and open new market segments. The first 3 companies announced as part of the program are Chain, a blockchain technology company; Digital Reasoning, cognitive computing technology; and Hanweck, real-time risk analytics.{{Cite web |title=Nasdaq Launches New Ventures Platform - Markets Media |url=http://marketsmedia.com/nasdaq-launches-ventures-platform/ |access-date=May 31, 2017 |website=Marketsmedia.com |date=April 25, 2017 |language=en-US |archive-date=May 5, 2017 |archive-url=https://web.archive.org/web/20170505222738/http://marketsmedia.com/nasdaq-launches-ventures-platform/ |url-status=live }}
=2018: Bid for Oslo Stock Exchange=
During Christmas of 2018, shareholders representing 25% of Oslo Børs VPS Holding (the Norwegian Stock Exchange and national CSD operator){{Cite web|date=February 11, 2019|title=Euronext Tries to Beat Nasdaq With Raised Bid for Oslo Bors|url=https://www.bloomberg.com/news/articles/2019-02-11/euronext-raises-oslo-bors-offer-in-effort-to-push-aside-nasdaq|access-date=June 27, 2019|website=Bloomberg.com}} held a private auction of share sale. Nasdaq did not participate in the auction due to the hostile nature of the bid (held without Oslo Børs boards knowledge or approval). Euronext won the auction, and later secured another 24.6% of shareholder support, totaling 49.6%. Following this, Nasdaq acquired 32.5% shares in open market (mainly from individual shareholders/employees),{{Cite web |date=April 12, 2019 |title=Nasdaq buys Oslo Børs shares – after staff sells |url=http://posttrade360.com/news/infrastructure/nasdaq-buys-oslo-bors-shares-after-staff-sell/ |access-date=June 27, 2019 |website=Posttrade360.com |archive-date=June 17, 2019 |archive-url=https://web.archive.org/web/20190617203704/http://posttrade360.com/news/infrastructure/nasdaq-buys-oslo-bors-shares-after-staff-sell/ |url-status=live }} and submitted an official bid, with unanimous recommendations from board and some key shareholders,{{Cite web |title=Nasdaq announces purchases of shares in Oslo Børs VPS |url=http://ir.nasdaq.com/news-releases/news-release-details/nasdaq-announces-purchases-shares-oslo-bors-vps |access-date=June 27, 2019 |website=Nasdaq, Inc. |archive-date=June 17, 2019 |archive-url=https://web.archive.org/web/20190617203705/http://ir.nasdaq.com/news-releases/news-release-details/nasdaq-announces-purchases-shares-oslo-bors-vps |url-status=live }} to acquire remaining shares for 152 NOK, and later increased offer to 158 NOK (or almost 44% premium of December 17, 2018 closing price, to match Euronext offer),{{Cite web |date=March 4, 2019 |title=Nasdaq hikes its bid for Oslo Børs from NOK 152 to NOK 158 per share |url=https://financefeeds.com/nasdaq-hikes-bid-oslo-bors-nok-152-nok-158-per-share/ |access-date=June 27, 2019 |website=Financefeeds.com |archive-date=June 17, 2019 |archive-url=https://web.archive.org/web/20190617203701/https://financefeeds.com/nasdaq-hikes-bid-oslo-bors-nok-152-nok-158-per-share/ |url-status=live }} additionally making the case to Norway's markets regulator that in cases like this, 2/3 of the share control may be necessary to comply with any applicable regulatory requirement. In the end the regulator did not side with the two-thirds requirements, and general majority was deemed to be applicable. Euronext by that time had acquired or secured control of 50.5% shares,{{Cite web |title=Euronext raises stake in Oslo Børs VPS to support full acquisition offer |url=https://www.thetradenews.com/euronext-raises-stake-oslo-bors-vps-support-full-acquisition-offer/ |access-date=June 27, 2019 |website=Thetradenews.com |archive-date=June 17, 2019 |archive-url=https://web.archive.org/web/20190617203705/https://www.thetradenews.com/euronext-raises-stake-oslo-bors-vps-support-full-acquisition-offer/ |url-status=live }} and Nasdaq had announced on May 25, 2019, that they were pulling out of the Oslo Børs battle, handing Euronext the victory.{{Cite web |date=May 27, 2019 |title=Nasdaq pulls out of Oslo Børs battle, handing Euronext victory |url=https://www.reuters.com/article/us-oslo-bors-vps-m-a-euronext-nasdaq-idUSKCN1SX0JE |access-date=June 27, 2019 |website=Reuters.com |archive-date=June 29, 2019 |archive-url=https://web.archive.org/web/20190629015749/https://www.reuters.com/article/us-oslo-bors-vps-m-a-euronext-nasdaq-idUSKCN1SX0JE |url-status=live }}
Acquisitions
= 2007: Acquisition of the Boston and Philadelphia exchanges =
On October 2, 2007, Nasdaq purchased the Boston Stock Exchange.{{cite news |date=October 3, 2007 |title=Nasdaq to Acquire Boston Stock Exchange |url=https://www.wsj.com/articles/SB119132592042046334?mod=rss_whats_news_us_business |url-status=live |archive-url=https://web.archive.org/web/20220823211442/https://www.wsj.com/articles/SB119132592042046334?mod=rss_whats_news_us_business |archive-date=August 23, 2022 |access-date=January 30, 2021 |work=The Wall Street Journal}} On November 7, Nasdaq announced an agreement to purchase the Philadelphia Stock Exchange.{{cite web |date=November 7, 2007 |title=Nasdaq to acquire Philadelphia Stock Exchange |url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-philadelphia-stock-exchange |url-status=live |archive-url=https://web.archive.org/web/20230731202542/https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-philadelphia-stock-exchange |archive-date=July 31, 2023 |access-date=January 30, 2021}}
=2012: Acquisition of Thomson Reuters businesses=
On December 12, 2012, NASDAQ OMX announced that it would acquire parts of Thomson Reuters for $390 million in cash. This deal included its investor relations, public relations and multimedia businesses.{{Cite news |date=December 12, 2012 |title=Nasdaq OMX buys Thomson Reuters units |url=http://www.ft.com/cms/s/0/5ff0aca0-4449-11e2-932a-00144feabdc0.html#axzz2JR14KNB9 |url-access=subscription |url-status=live |archive-url=https://ghostarchive.org/archive/20221211171208/https://www.ft.com/content/5ff0aca0-4449-11e2-932a-00144feabdc0#axzz2JR14KNB9 |archive-date=December 11, 2022 |access-date=January 30, 2013 |publisher=Financial Times}} NASDAQ OMX completed the purchase on June 3, 2013.{{Cite news |date=June 3, 2013 |title=Nasdaq buys 3 businesses from Thomson Reuters |url=http://www.businessweek.com/ap/2013-06-03/nasdaq-buys-3-businesses-from-thomson-reuters |url-status=dead |archive-url=https://archive.today/20130801090612/http://www.businessweek.com/ap/2013-06-03/nasdaq-buys-3-businesses-from-thomson-reuters |archive-date=August 1, 2013 |access-date=June 6, 2013 |publisher=Bloomberg Businessweek}}
= 2017: Acquisition of eVestment =
In September 2017, Nasdaq agreed to acquire eVestment, a privately-held company, for $705 million in debt and cash on hand.{{Cite web |last=Schoenberg |first=Allan |date=September 5, 2017 |title=Nasdaq to Acquire eVestment |url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-evestment |url-status=live |archive-url=https://web.archive.org/web/20181016224857/https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-evestment |archive-date=October 16, 2018 |access-date=April 12, 2025 |website=Nasdaq Investor Relations}} This was the first major acquisition under the leadership of Adena Friedman, Nasdaq's current CEO. The acquisition was completed in Q4 of 2017 and signaled the beginning o Nasdaq's evolution into a leading SaaS technology provider.
= 2020: Acquisition of Verafin =
On November 19, 2020, Nasdaq announced that they would acquire Verafin for US$2.75 billion in cash.{{Cite web |last=Ditmire |first=Ed |date=November 19, 2020 |title=Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime |url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-verafin-creating-global-leader-fight-against |url-status=live |archive-url=https://web.archive.org/web/20210304072052/https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-acquire-verafin-creating-global-leader-fight-against |archive-date=March 4, 2021 |access-date=April 12, 2025 |website=Nasdaq Investor Relations}} This acquisition was meant to combine Nasdaq’s global reach and leadership in the regulatory technology space with Verafin’s innovative anti-money laundering and fraud platform. The acquisition was completed on February 11, 2021.{{Cite web |last=Ditmire |first=Ed |date=February 11, 2021 |title=Nasdaq Completes Acquisition of Verafin |url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-completes-acquisition-verafin |url-status=live |archive-url=https://web.archive.org/web/20210211235229/https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-completes-acquisition-verafin |archive-date=February 11, 2021 |access-date=April 12, 2025 |website=Nasdaq Investor Relations}}
=2023: Acquisition of Adenza=
In June 2023, Nasdaq announced that it had agreed to acquire Adenza from Thoma Bravo in a $10.5 billion cash-and-stock deal, the biggest for the US exchange operator to date. As part of the deal, Thoma Bravo would get a 15{{nbsp}}percent stake in Nasdaq.{{cite web |last1=Gara |first1=Antoine |last2=Hughes |first2=Jennifer |last3=Paolo Mancini |first3=Donato |date=June 12, 2023 |title=Nasdaq to buy Adenza for $10.5bn in US exchange operator's biggest deal |url=https://www.ft.com/content/bf188909-6577-404b-89c2-79a8261e2e0e |url-status=live |archive-url=https://web.archive.org/web/20230612215402/https://www.ft.com/content/bf188909-6577-404b-89c2-79a8261e2e0e |archive-date=June 12, 2023 |access-date=June 12, 2023 |work=Financial Times}}
Additional services
NASDAQ Inc. partners with stock exchanges all over the world. One of the most recent partnerships was signed with Astana International Financial Centre (AIFC) in May 2017. According to the agreement, NASDAQ will power Kazakhstan's nascent stock exchange, the AIX (Astana International Exchange) .{{Cite web |title=Astana International Financial Centre JSC and Nasdaq Sign Technology Deal for New AIX Exchange |url=https://finance.yahoo.com/news/astana-international-financial-centre-jsc-070101162.html |website=Finance.yahoo.com}}{{primary source inline|date=November 2023}}
=Global Information Services=
In January 2013, NASDAQ OMX announced that it would combine its global data products and index businesses into a unit called Global Information Services, as part of an ongoing effort to broaden its portfolio.[http://www.ft.com/cms/s/0/0764aea8-6a21-11e2-a80c-00144feab49a.html "Nasdaq OMX continues streamlining efforts"], Financial Times, January 29, 2013. Retrieved January 30, 2013.
=Directors Desk=
On June 29, 2007, NASDAQ entered into an agreement to acquire DirectorsDesk.com, a management suite for boards of directors.{{Cite news |date=June 29, 2007 |title=Nasdaq to acquire Directors Desk, a Technology Company for Corporate Boards |publisher=primenewswire.com |url=http://www.primenewswire.com/newsroom/news.html?d=122199 |url-status=dead |archive-url=https://web.archive.org/web/20070927213153/http://www.primenewswire.com/newsroom/news.html?d=122199 |archive-date=September 27, 2007}}
=GlobeNewswire=
GlobeNewswire (previously PrimeNewswire) provides press release, editing and wire services. It was founded in 1998 and acquired by NASDAQ OMX in 2006.{{Cite web |title=Overview |url=http://www.globenewswire.com/about/index.html |access-date=September 4, 2012 |website=NASDAQ OMX GlobeNewswire Overview |publisher=GlobeNewswire, Inc. |archive-date=September 3, 2012 |archive-url=https://web.archive.org/web/20120903072821/http://www.globenewswire.com/about/index.html |url-status=dead }} It was sold to Intrado in April 2018.{{Cite web|title=West Corporation Closes Landmark Acquisition of Nasdaq's Public Relations and Digital Media Businesses|access-date=2022-06-18|date=2018-04-16|url=https://www.globenewswire.com/news-release/2018/04/16/1471959/0/en/West-Corporation-Closes-Landmark-Acquisition-of-Nasdaq-s-Public-Relations-and-Digital-Media-Businesses.html|archive-date=June 18, 2022|archive-url=https://web.archive.org/web/20220618201334/https://www.globenewswire.com/news-release/2018/04/16/1471959/0/en/West-Corporation-Closes-Landmark-Acquisition-of-Nasdaq-s-Public-Relations-and-Digital-Media-Businesses.html|url-status=live}}
=SMARTS=
On July 27, 2010, NASDAQ OMX Group, Inc. acquired SMARTS Group, a provider of market surveillance systems to exchanges, regulators and brokers.{{Cite news |date=July 27, 2010 |title=NASDAQ OMX to acquire world-leading market surveillance system provider SMARTS |url=http://www.smartsgroup.com/news/media-releases/2010/196-nasdaq-omx-to-acquire-world-leading-market-surveillance-system-provider-smarts.html |url-status=dead |archive-url=https://web.archive.org/web/20100730142001/http://www.smartsgroup.com/news/media-releases/2010/196-nasdaq-omx-to-acquire-world-leading-market-surveillance-system-provider-smarts.html |archive-date=July 30, 2010}} SMARTS Group had been a private company operating in Sydney, Australia, incorporating the market analysis software of Michael James Aitken.{{Cite news |date=July 27, 2010 |title=Nasdaq OMX buys Smarts as surveillance heats up |work=Financial Times |url=https://www.ft.com/content/b2f74024-994e-11df-9834-00144feab49a#axzz3khz7Ji79 |archive-url=https://ghostarchive.org/archive/20221211171225/https://www.ft.com/content/b2f74024-994e-11df-9834-00144feab49a#axzz3khz7Ji79 |archive-date=December 11, 2022 |url-status=live |url-access=subscription |access-date=February 16, 2017 }}{{Cite web |date=August 1, 2014 |title=Waters Rankings 2014: Best Market Surveillance Provider — Nasdaq OMX |url=http://www.waterstechnology.com/waters/special/2358279/waters-rankings-2014-best-market-surveillance-provider-nasdaq-omx |url-status=live |archive-url=https://web.archive.org/web/20141127154320/http://www.waterstechnology.com/waters/special/2358279/waters-rankings-2014-best-market-surveillance-provider-nasdaq-omx |archive-date=November 27, 2014 |publisher=Waters Technology}} By 2017 SMARTS remained the leading market surveillance software,{{Cite web |last=Anderson |first=Victor |date=December 9, 2016 |title=BST Awards 2016 Winners' Interview: Nasdaq SMARTS |url=http://www.waterstechnology.com/buy-side-technology/interview/2479293/bst-awards-2016-winners-interview-nasdaq-smarts |url-status=live |archive-url=https://web.archive.org/web/20161210170836/http://www.waterstechnology.com/buy-side-technology/interview/2479293/bst-awards-2016-winners-interview-nasdaq-smarts |archive-date=December 10, 2016 |publisher=Waters Technology}} and was employed by thirteen regulators on forty-five exchanges.{{Cite web |last=Abdel-Qader |first=Aziz |date=February 16, 2017 |title=EBS BrokerTec Partners with NASDAQ to Deploy its Surveillance Platform |url=http://www.financemagnates.com/institutional-forex/technology/ebs-brokertec-partners-nasdaq-deploy-surveillance-platform/ |url-status=live |archive-url=https://web.archive.org/web/20170216191924/http://www.financemagnates.com/institutional-forex/technology/ebs-brokertec-partners-nasdaq-deploy-surveillance-platform |archive-date=February 16, 2017 |publisher=Financial Magnates}}
=Carpenter Moore=
NASDAQ OMX sold its stake in the Carpenter Moore D&O Insurance in 2009.
Exchanges
{{Nasdaq, Inc. locations}}
The following exchanges are operated by Nasdaq, Inc.:{{cite web
|url = http://www.nasdaqomxnordic.com/shares/listed-companies/nordic-large-cap
|title = Nordic Large Cap
|access-date = August 11, 2016
|publisher = NASDAQ
|url-status = dead
|archive-url = https://web.archive.org/web/20160823045222/http://www.nasdaqomxnordic.com/shares/listed-companies/nordic-large-cap
|archive-date = August 23, 2016
}}
=Divisions=
The company's stock market activities are categorized into three divisions:
- Nordic Market (Copenhagen, Stockholm, Helsinki, Iceland)
- Baltic Market (Tallinn, Riga, Vilnius)
- First North (alternative exchange)
Technology
In North America, OMX supports its most high-profile customers such as the Financial Industry Regulatory Authority (FINRA), ICAP, ISE, and IDCG, which are powered by OMX trading systems such as X-stream, CLICK, CONDICO and SAXESS.
OMX is the world's leading provider of central securities depository (CSD) technology. Its Equator CSD product is used by clients in Europe, the Middle East, Africa and the Caribbean.
Central counterparty clearing (CCC) technology is a significant potential growth area for OMX. OMX's SECUR clearing{{cite news |title=SECUR clearing solution|url=http://www.nasdaqomx.com/digitalAssets/2/2444_Product_sheet_SECUR_Clearing_solution_06.pdf|access-date=October 9, 2011|url-status=live|archive-url=https://web.archive.org/web/20111126011225/http://nasdaqomx.com/digitalAssets/2/2444_Product_sheet_SECUR_Clearing_solution_06.pdf|archive-date=November 26, 2011}} and Genium trading platform{{cite news|title=Genium INET Trading|url=http://www.nasdaqomx.com/digitalAssets/71/71232_q10-0939_genium_inet_trading_fs_1028.pdf|access-date=October 8, 2011|url-status=dead|archive-url=https://web.archive.org/web/20111126013502/http://nasdaqomx.com/digitalAssets/71/71232_q10-0939_genium_inet_trading_fs_1028.pdf|archive-date=November 26, 2011}} facilitate trade novation, derivatives clearing, risk management and improved liquidity. SECUR clearing and Genium trading technology are in production around the world.
OMX's technology customers include:
{{Div col}}
- Abu Dhabi Securities Exchange
- Agora-X
- Athens Exchange
- Australian Securities Exchange
- Bahamas International Securities Exchange
- Bahrain Stock Exchange
- Barbados Stock Exchange
- Bermuda Stock Exchange
- Bolsa de Valores de Colombia
- Boston Stock Exchange
- Canadian Trading and Quotation System
- Egyptian Exchange
- Doha Securities Market
- Dubai Financial Market
- Dubai International Financial Exchange
- Financial Industry Regulatory Authority
- Hong Kong Exchanges and Clearing
- ICAP
- Icelandic Securities Depository
- Indonesia Securities Exchange
- Iraq Stock Exchange
- Istanbul Stock Exchange
- Indonesia Stock Exchange
- Jamaica Stock Exchange
- {{ill|Japannext|ja|ジャパンネクスト証券}}
- Malta Stock Exchange
- Moscow Interbank Currency Exchange
- National Stock Exchange of Australia
- New Zealand Exchange
- Nigerian Stock Exchange
- NSX Corporate Stock Exchange
- Osaka Securities Exchange
- Palestine Securities Exchange
- Philippine Dealing and Exchange Corporation
- PLUS Markets Group
- Port Moresby Stock Exchange
- Saudi Arabia Stock Exchange (Tadawul)
- Singapore Commodity Exchange
- Singapore Exchange
- Shanghai Stock Exchange
- SWX Swiss Exchange
- Thailand Futures Exchange
- TLX
- Tokyo Commodity Exchange
- Trinidad and Tobago Stock Exchange
- Turkish Derivatives Exchange
- Zagreb Stock Exchange
{{Div col end}}
See also
References
{{Reflist|30em}}
External links
- {{Official website}}
{{Finance links
| name = Nasdaq, Inc.
| symbol = NDAQ
| reuters = NDAQ.O
| bloomberg = NDAQ:US
| sec_cik = 1120193
| yahoo = NDAQ
| google = NDAQ:NASDAQ
}}
{{Stock exchanges top 25}}
{{Nasdaqomx}}
{{World Federation of Exchanges}}
{{NASDAQ Financial-100}}
{{Authority control|state=expanded}}
{{DEFAULTSORT:Nasdaq, Inc.}}
Category:2008 mergers and acquisitions
Category:2002 initial public offerings
Category:Companies based in Manhattan
Category:Financial services companies based in New York City