Nasdaq Completes Acquisition of Dasseti

Nasdaq completed its acquisition of Dasseti, an AI-assisted due-diligence platform covering 17,000 managers and $34T in assets. Intercontinental Exchange (ICE) is building private-credit data intelligence with Apollo. Nasdaq aims to deepen its network, while ICE focuses on security-level data. Both companies face integration and monetization risks. Nasdaq's short interest is 1.66% of float. Investors should watch renewal rates and revenue contributions.

U.S. options market is on track for a seventh record year, with Cboe (CBOE) and Nasdaq (NDAQ) reporting strong growth. Cboe's Q2 2026 revenue rose 25% to $732M, while Nasdaq's increased 15% to $1.5B. Both exchanges are expanding offerings, including new trading products and extended hours.

Nasdaq (NDAQ) completed its acquisition of Dasseti, an AI-driven due diligence platform, for undisclosed terms. Dasseti will be integrated into Nasdaq eVestment, enhancing its manager research and monitoring capabilities. The deal expands Nasdaq eVestment's coverage to 16,000 private market managers and 95,000 funds, aiming to improve efficiency for institutional investors.

Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, NYSE, Charles Schwab, Nasdaq, and Citi are expanding their operations in Texas. Morgan Stanley plans a $587M building in Dallas by 2031, while Goldman Sachs is investing $500M in a new Dallas campus. Bank of America is moving to a new Dallas tower, and JPMorgan Chase has doubled its Plano campus workforce. NYSE is relocating its Chicago outpost to Dallas. Charles Schwab, Nasdaq, and Citi also have significant Texas operations. Wise

The CFTC's new Innovation Advisory Committee, chaired by Walt Lukken, held its first meeting with 40+ members, including CEOs from Coinbase, CME, Kalshi, and other crypto and traditional market firms. The agenda covered crypto regulation, AI in finance, and prediction markets. The CFTC has a track record in crypto regulation, including approving bitcoin perpetual futures contracts. The meeting follows a White House event where President Trump discussed crypto regulation with industry executives.

Equities fell as government bonds sold off, pushing 30-year bond yields to multi-year highs globally. Home Depot (HD) reported better-than-expected Q2 earnings, with same-store sales up 1.7%, sending shares up 2%. Nasdaq (NDAQ) plans to extend trading hours to nearly 24/5, pending SEC approval.