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Nasdaq, Inc.

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Nasdaq, Inc.
NameNasdaq, Inc.
TypePublic
Traded asNASDAQ: NDAQ
IndustryFinancial services, Financial market
Founded08 February 1971
FounderNational Association of Securities Dealers (NASD)
Hq location cityNew York City
Hq location countryUnited States
Key peopleAdena Friedman (Chair & CEO)
ProductsStock exchange, Market data, Financial technology
Websitenasdaq.com

Nasdaq, Inc. is a global technology company serving the capital markets and other industries. It owns and operates the NASDAQ stock exchange, the second-largest stock exchange in the world by market capitalization, and provides diverse financial technology and services. The company is renowned for its electronic trading platform and is a leading provider of market data, analytics, and financial software solutions to corporations and investment firms worldwide.

History

The exchange was founded in 1971 by the National Association of Securities Dealers (NASD) as the world's first electronic stock market, an alternative to the floor trading of the New York Stock Exchange. Its early listings included many technology companies like Intel and Microsoft, helping it become synonymous with the high-tech sector. Following its separation from the NASD, it was restructured as a publicly-traded company listed on its own exchange in 2002. Major acquisitions have significantly expanded its scope, including the purchase of the Boston Stock Exchange, the Nordic exchange operator OMX Group, and the financial software company Verafin.

Operations and services

Its core operations are divided into several key business segments. Market Services operates the NASDAQ and NASDAQ Nordic exchanges, providing equities trading, options trading, and fixed income trading platforms. Investment Intelligence is a major vendor of market data, indexes like the NASDAQ-100, and investment analytics tools used by institutional investors. The Corporate Platforms segment offers listing services and investor relations tools to public companies, while its Anti-Financial Crime technology unit provides compliance software to detect fraud and money laundering for banks and regulatory agencies.

Corporate governance

The company is governed by a board of directors elected by shareholders, with Adena Friedman serving as both Chairperson and Chief Executive Officer. Key board committees, including the Audit Committee and Compensation Committee, oversee financial reporting, executive compensation, and risk management. Its corporate structure reflects its global footprint, with major offices and data centers in New York City, Stockholm, and Reykjavik, and it adheres to the listing rules and corporate governance standards of the Securities and Exchange Commission.

Financial performance

As a publicly traded entity, its financial results are reported quarterly to the Securities and Exchange Commission. Revenue is generated through diverse streams including transaction fees from trading, listing fees from companies like Apple Inc. and Amazon.com, and recurring subscriptions for data products and software services. Its financial performance is closely watched as an indicator of activity in the capital markets and the health of the technology sector, with metrics like trading volume and IPO activity significantly impacting its earnings.

As a registered securities exchange, it is subject to extensive oversight by the Securities and Exchange Commission and other regulators like the Financial Industry Regulatory Authority. It has faced various regulatory actions and legal challenges over its history, including investigations into the Facebook IPO and settlements related to market structure issues. The company must continuously adapt its compliance systems and trading rules to meet evolving regulations such as the Dodd–Frank Act and MiFID II in Europe.

See also

* New York Stock Exchange * Intercontinental Exchange * S&P Global * London Stock Exchange Group * Electronic trading platform * Initial public offering

Category:Stock exchanges in the United States Category:Companies listed on NASDAQ Category:Financial services companies based in New York City