NASDAQ, INC.
Nasdaq reported a network disruption at its Carteret facility, causing intermittent data gaps across all US equities markets, according to a system status message.
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 (NDAQ) reported 38% year-over-year index revenue growth in Q2 2026, driven by inflows and market appreciation. It trades at 24x forward earnings, with analysts expecting 19% adjusted EPS growth. The company's growth outlook is tied to sustained inflows, as asset-based fees are market-dependent.
Over the past 7 days, AlphAI's AI scored 9 news stories mentioning NDAQ (NASDAQ, INC.). Coverage has skewed bullish: 4 bullish, 3 neutral, and 2 bearish.
Recent NDAQ coverage spans financial news, technology and mergers & acquisitions.
In the last 30 days, NDAQ insiders filed 2 SEC Form 4 transactions — no purchases and 2 sales ($213K). The most active reporter was SKULE JEREMY, EVP, CSO, with 2 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
The outage may create short-term volatility and trading delays in US equities.
The deal expands Nasdaq's market infrastructure and could enhance liquidity offerings.
Higher fee revenue could support earnings growth and justify the current 24x forward earnings multiple.
Potential increase in Nasdaq's relevance as a venue for tokenised assets.
Nasdaq may benefit from technology licensing fees and heightened market relevance.
AlphAI scores every news story that mentions NDAQ with an AI model for sentiment and relevance, and aggregates insider trades from NASDAQ, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Nasdaq reported a network disruption at its Carteret facility, causing intermittent data gaps across all US equities markets, according to a system status message.
1 min readNasdaq (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.
2 min readNasdaq (NDAQ) reported 38% year-over-year index revenue growth in Q2 2026, driven by inflows and market appreciation. It trades at 24x forward earnings, with analysts expecting 19% adjusted EPS growth. The company's growth outlook is tied to sustained inflows, as asset-based fees are market-dependent.
2 min readNasdaq CEO Adena Friedman highlighted the potential of tokenisation to unlock billions in capital, citing increased institutional interest and the need for 24-hour trading infrastructure. Tokenised stock market cap grew 473% this year to $3.75B, with major issuers like Ondo Finance and xStocksFi. BNB Chain, Ethereum, and Solana are leading networks. According to Token Relations, Securitize launched tokenised stocks on Solana, backed by U.S. equities including Apple and Tesla.
2 min readBruce Markets plans to extend U.S. equity trading to weekends, backed by investments from PEAK6, Robinhood, and technology from Nasdaq and Apex Clearing. CEO Jason Wallach expects liquidity to develop organically, with market makers and brokers driving participation. The launch, pending regulatory approval, aims to improve price discovery and investor response to news events, addressing market-structure and operational challenges.
2 min readNasdaq 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.
3 min readNasdaq (NDAQ) shares are down 5.1% over the past month to $91.93, despite a 93% total return over three years. The company announced new AI initiatives and a clearing partnership with HSBC. Analysts estimate fair value at $104.19, citing 7.2% revenue growth and 35% margins, but a DCF model suggests $87.12. Nasdaq's P/E of 26.1x is below the industry average but above peers and fair value estimates. High debt and execution risks are noted.
3 min readS&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.
3 min readTrading Technologies (TT) acquired Trafix to expand into equities and equity options, aiming for 24/7 trading. Bruce Markets plans to launch continuous weekend US equities trading. Nasdaq introduced agentic AI capabilities in its Calypso platform, and HSBC will use it for derivatives clearing. TXSE Group raised $430M in funding. Blue Fire AI secured $9M in funding with Mizuho and AM-One. LSEG expanded its role on the Canton Network. Goldman Sachs discussed EU T+1 readiness.
3 min readWells Fargo initiated coverage of Nasdaq Inc (NDAQ) with an Equal Weight rating and a $100 price target, citing optimism about its business model and growth prospects. The stock is currently trading at $91.67, which is 18.2% above its GF Value™ of $77.54, indicating modest overvaluation. Nasdaq has a strong GF Score™ of 89/100, reflecting robust financial health and growth potential, but also shows net insider selling and a moderate financial strength score.
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