About the Company
Nasdaq, Inc is an American multinational company headquartered in One Liberty Plaza, New York City. It provides regulatory, trading, securities listing and clearing and public company and exchange technology services. Besides owning and controlling Nasdaq’s operations, it operates various European stock exchanges, such as the Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Copenhagen, Armenia Securities Exchange, Nasdaq Stockholm and Nasdaq Tallinn. Nasdaq, Inc. shares are traded on the NASDAQ stock exchange under the ticker symbol “NDAQ”.
Founded by Gordon S. Macklin in 1971, NDAQ provides its services mainly through four divisions: corporate services, market services, market technology and information services. The first segment involves the provision of various solutions to corporate clients. The market technology division provides services in relation to equity derivative clearing, trading, and settlement. The market services segment includes cash equity trading, businesses engaged in trade management services and fixed income clearing corporations. Some of the subsidiaries of NDAQ include Famous Dave’s, Quandl, Nasdaq Nordic, Rockland Trust, Directors Desk, LLC, International Securities Exchange and eVestment.
Nasdaq Nordic consists of two segments: OMX Exchanges and OMX Technology. The first segment operates various stock exchanges that are located in the Caucasus regions of Europe and the Nordic and Baltic countries. The OMX Technology segment is engaged in the development of market systems to facilitate financial transactions that are used by various stock exchanges, including the OMX Exchanges. Since its inception, NDAQ has successfully acquired more than 20 companies. 6 of these acquisitions involved private equity firms. It's one of the most significant acquisitions to date occurred in 2020 when it completed the acquisition of Verafin for approximately $2.8 billion. It has made acquisitions in more than 5 states in America and over 5 countries worldwide.
NDAQ mainly focuses on two sectors- business services and financial services. In October 2007, it completed the acquisition of Boston Stock Exchange and a month later, NDAQ announced that it had reached an agreement to acquire Philadelphia Stock Exchange. Nasdaq Inc. share price reached an all-time high of $143.67 on January 20, 2021.
In 2012, Nasdaq became one of the founders of the Sustainable Stock Exchanges Initiative. In the same year, Nasdaq OMX announced that it would further acquire Thomson Reuters’ for public relations, investment relationships for an estimated $390 million; the entire transaction was funded using cash. In 2017, NADQ launched Nasdaq ventures with an aim to put more emphasis on the companies that have the capacity to contribute to the growth of Nasdaq and open new market divisions. In 2018, Nasdaq was ranked 339th on Forbes’ list of America’s Largest Public Companies. In 2020, NADQ announced that it had been selected as a component of the Dow Jones Sustainability Index for the fifth time in a row.;
|Nasdaq OMX Group Inc
|Financial Data & Stock Exchanges
|New York, NY