Thursday November 2 2023
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: US
On 1st November 2023, Nasdaq (Nasdaq: NDAQ) announced completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry. The acquisition advances Nasdaq’s transformation, further expanding the company’s capabilities to support the world’s financial institutions with mission-critical solutions designed to manage risk and compliance, strengthen integrity, and enhance market and trading infrastructure.
To maximize the benefits of the acquisition to clients, employees, and shareholders, Nasdaq has further evolved its corporate structure and will now be aligned across the following three divisions:
- Capital Access Platforms, which remains unchanged and incorporates the company’s Data & Listings, Index, and Workflow & Insights businesses.
- Market Services, which will include Nasdaq’s foundational North American and European Trading Services businesses.
- Financial Technology, which will be comprised of two distinct units:
- Capital Markets Technology, which will combine Nasdaq’s Marketplace Technology and Capital Markets solutions.
- Regulatory Technology, which will include Nasdaq’s suite of Anti-Financial Crime solutions as well as Regulatory Technology solutions.
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