SKULE JEREMY sold $106K of NDAQ

Nasdaq Inc. (NDAQ) completed its acquisition of LeveL Markets, an off-exchange equity execution venue. LeveL Markets processes millions of shares daily and is the third-largest ATS in the U.S. by volume. Nasdaq plans to invest in the platform's technology and capabilities, with LeveL Markets continuing to operate under FINRA oversight.

Nasdaq (NDAQ) completed its acquisition of LeveL Markets, a U.S. equity ATS processing millions of shares daily. LeveL will operate under Nasdaq's Digital Liquidity Networks. According to Nasdaq, this move supports its push into off-exchange liquidity.

Nasdaq (NDAQ) completed its acquisition of LeveL Markets, an ATS handling 56% more daily shares in 2025. The deal expands Nasdaq's off-exchange liquidity platform, serving 2,500 clients across 7,000 symbols. Nasdaq aims to integrate LeveL Markets to enhance its market infrastructure and client services.

Nasdaq CEO Adena Friedman said tokenizing assets could free tens of billions in capital. Nasdaq's SEC-approved pilot allows Russell 1000 stocks and major ETFs to settle as blockchain tokens. Ethereum holds 45% of $38B in tokenized assets, but its share is slipping. Nasdaq aims for 23-hour trading by December 6. Kraken's co-CEO noted overseas companies exploring tokenization for US market access.

S&P Global (SPGI) reported Q2 revenue of $3.68B, up 10.9% YoY, missing estimates. Nasdaq (NDAQ) reported $1.5B revenue, up 14.9% YoY, beating estimates. FactSet (FDS) reported $634.7M revenue, up 6.3% YoY, mixed results. SPGI stock is down 11.6%, NDAQ flat, FDS up 7.3% since earnings.

Bruce Markets LLC, backed by Robinhood and others, plans to extend U.S. stock trading to weekends with Nasdaq's technology, pending SEC approval. The move aims to enable 24/7 trading, though critics warn of liquidity and execution risks. Advisors may need to adjust client strategies accordingly.