NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.31 per share on the company's outstanding common stock. The dividend is payable on December 18, 2026 to shareholders of record at the close of business on December 4, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our dividend program and future payment obligations. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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Nasdaq (NDAQ - Free Report) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.96%. A quarter ago, it was expected that this exchange operator would post earnings of $0.98 per share when it actually produced earnings of $1.07, delivering a surprise of +9.18%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nasdaq, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.48 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.00%. This compares to year-ago revenues of $1.32 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nasdaq shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Nasdaq?While Nasdaq has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nasdaq was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $1.53 billion in revenues for the coming quarter and $4.13 on $5.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Securities and Exchanges is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
CBOE Global (CBOE - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 30.
This holding company for the Chicago Board Options Exchange is expected to post quarterly earnings of $3.40 per share in its upcoming report, which represents a year-over-year change of +27.3%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
CBOE Global's revenues are expected to be $701.96 million, up 15.9% from the year-ago quarter.
Šéfka Nasdaq Adena Friedmanová považuje tokenizované peníze a kolaterál za cestu k uvolnění desítek a desítek miliard dolarů kapitálu vázaného v kolaterálu k zajištění obchodů.
Crypto traders have been buying and selling on Sunday mornings for more than a decade. Wall Street still keeps banker's hours, with the main trading session ending at 4 p.m. and weekends off.
Nasdaq (NDAQ +1.54%) CEO Adena Friedman wants to change that. Speaking at the TOKEN2049 conference in Singapore this month, she was refreshingly candid about who got there first.
"The retail ecosystem, as we know, has been kind of 10 years ahead," she told CNBC's Joanna Ossinger.
Ten years is a long head start. Nasdaq's catch-up plan begins on Dec. 6, when it starts trading U.S. stocks 23 hours a day, five days a week. The full 24/7 version is a much bigger project, and Friedman made it clear that the exchange itself is the easy part. The hard part is everything that comes after it.
NDAQ Nasdaq$94.64+$1.44 (+1.54%)
NASDAQ · As of 10:58 AM ET 10/20/26
A harbor that never closes Picture a busy harbor that has always shut down overnight. The crews go home, the cranes get serviced, and the paperwork catches up before sunrise. Now imagine ships arriving around the clock. Every crane, tugboat, and customs desk suddenly needs a night shift.
That's roughly what Friedman described. Banks and brokers have relied on closed hours to patch systems, run batch processing, and tidy up risk calculations. In an always-on market, that downtime disappears.
"Everything has to be real-time, all the time," she said, nearly quoting a couple of A24 movie titles.
That includes money. If a trade happens in the middle of Saturday night, the cash has to move at that point, too. Traditional bank wires don't keep those always-on hours.
Image source: Getty Images.
Meet the most boring hero in crypto Tokenization turns real-world assets, from dollars to Treasury bonds, into digital tokens on a blockchain ledger. Those tokens can change hands in seconds, at any hour. Friedman sees a two-step path to making this work at scale: tokenize the money first, then everything else.
In practice, tokenized money means stablecoins. A dollar stablecoin is about as thrilling as a feather pillow. It's supposed to be worth a dollar today, tomorrow, and at 3 a.m. on Saturday. That dullness is the whole job description.
Friedman put it more elegantly: "If we can tokenize money, then we can tokenize the flow of capital."
Step two is tokenizing the collateral banks pledge to back their trades. With stablecoins on one side and tokenized assets on the other, that collateral can move as fast as the trades themselves. Beyond basic cash, think Treasuries, stocks, and money market funds. Friedman said that could free up "tens and tens of billions of dollars of capital" now stuck in collateral pools. That's bank capital getting a second job rather than a crypto windfall, but it's still a lot of money.
She also gave credit to the GENIUS Act for getting the ball rolling. The 2025 stablecoin law set the "rules of the road," as she put it, and big institutions started paying attention.
The law isn't fully in force yet. It takes effect on Jan. 18, 2027, or 120 days after final rules are issued, whichever comes first, and no final rule arrived early enough to beat the January date.
CRCL Circle Internet Group$86.31+$4.94 (+6.07%)
NYSE · As of 10:58 AM ET 10/20/26
Wall Street is trying on crypto's glove Here's the part crypto investors might find less exciting. Friedman doesn't expect traditional finance to adopt the entire crypto playbook. Mainstream markets already have tools like margin and net settlement. Therefore, tokenization "might look a little different than how the crypto ecosystem works today," Friedman said.
In other words, Wall Street is shopping crypto's store for accessories, not a new outfit. Stablecoin settlement and round-the-clock trading might be the glove that fits; the rest can stay on the rack for now.
The legislative side tells a similar story. Friedman mentioned what might happen "if the Clarity Act ever gets approved." That word "ever" is doing some heavy lifting. The broader crypto market-structure bill failed a Senate procedural vote in September amid fights over ethics rules and over whether stablecoin holders should earn interest-like rewards. The GENIUS Act is the law of the land and is in the process of implementation; the Clarity Act is still more of a wish list.
So who wins? Stablecoins won't make anyone rich directly. Popular stablecoin USDC (USDC -0.01%) is worth a dollar today, and if all goes well, it'll be worth a dollar next year, too.
The more interesting question is who owns the pipes. Circle Internet Group (CRCL +6.07%) collects interest on the reserves behind USDC, so more circulation means more income. Visa (V +1.28%) already settles some card payments in stablecoins. And Friedman's Nasdaq does double duty, operating its own markets and licensing its trade infrastructure technology to 135 other market operators and regulators, plus hundreds of brokers and banks.
Meanwhile, I wouldn't count on Wall Street's tokenization push to boost crypto across the board. If Friedman is right, banks will adopt stablecoins and tokenized collateral on their own terms, and the companies running those pipes will collect the fees.
Analytici očekávají, že společnost Nasdaq ve čtvrtletí vykáže EPS ve výši 1,02 USD, což představuje meziroční růst o 15,9 %, a tržby ve výši 1,47 miliardy USD, meziročně vyšší o 11,7 %.
Wall Street analysts forecast that Nasdaq (NDAQ - Free Report) will report quarterly earnings of $1.02 per share in its upcoming release, pointing to a year-over-year increase of 15.9%. It is anticipated that revenues will amount to $1.47 billion, exhibiting an increase of 11.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Nasdaq metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Net Revenues- Financial Technology' at $524.26 million. The estimate points to a change of +14.7% from the year-ago quarter.
Analysts forecast 'Net Revenues- Total Market Services, net' to reach $306.57 million. The estimate indicates a change of +1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Revenues- Capital Access Platforms' should come in at $633.22 million. The estimate indicates a change of +16% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Revenues- Financial Technology- Financial Crime Management Technology' of $103.28 million. The estimate points to a change of +23% from the year-ago quarter.
It is projected by analysts that the 'Net Revenues- Financial Technology- Regulatory Technology' will reach $122.17 million. The estimate indicates a year-over-year change of +12.1%.
Analysts' assessment points toward 'Net Revenues- Total Market Services, net- U.S. Equity Derivatives Trading' reaching $106.73 million. The estimate indicates a change of -13.9% from the prior-year quarter.
The consensus estimate for 'Net Revenues- Total Market Services, net- Cash Equity Trading (U.S. & European)' stands at $144.99 million. The estimate indicates a year-over-year change of +14.2%.
Analysts predict that the 'Cash Equity Trading - Total matched market share executed on Nasdaq?s exchanges' will reach 14.6%. Compared to the current estimate, the company reported 14.1% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Equity Derivative Trading and Clearing - Total matched market share executed on Nasdaq?s exchanges' should arrive at 28.1%. The estimate compares to the year-ago value of 28.5%.
The combined assessment of analysts suggests that 'Equity Derivative Trading and Clearing - Total industry average daily volume' will likely reach 62.52 million. The estimate is in contrast to the year-ago figure of 55.80 million.
The consensus among analysts is that 'Cash Equity Trading - Total industry average daily share volume' will reach 17.49 billion. Compared to the current estimate, the company reported 17.60 billion in the same quarter of the previous year.
Analysts expect 'Cash Equity Trading - Matched share volume' to come in at 163.43 billion. Compared to the current estimate, the company reported 158.60 billion in the same quarter of the previous year.
View all Key Company Metrics for Nasdaq here>>>
Shares of Nasdaq have experienced a change of +0.5% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), NDAQ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Nasdaq má za čtvrtletí končící v září 2026 vykázat zisk na akcii ve výši 1,02 USD, což představuje meziroční nárůst o 15,9 %, při tržbách 1,47 mld. USD.
The market expects Nasdaq (NDAQ - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis exchange operator is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +15.9%.
Revenues are expected to be $1.47 billion, up 11.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Nasdaq?For Nasdaq, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.98%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Nasdaq will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Nasdaq would post earnings of $0.98 per share when it actually produced earnings of $1.07, delivering a surprise of +9.18%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Nasdaq appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Securities and Exchanges industry, CME Group (CME - Free Report) , is soon expected to post earnings of $2.98 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +11.2%. Revenues for the quarter are expected to be $1.71 billion, up 11.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for CME has been revised 0.5% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.68%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that CME will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Nasdaq dokončil akvizici LeveL Markets, třetího největšího amerického alternativního obchodního systému (ATS) podle objemu obchodů, čímž posílil své mimoburzovní obchodování s akciemi.
Transaction adds one of the largest U.S. Alternative Trading Systems to Nasdaq's marketplace, enhancing the company’s ability to connect investors to liquidity across an increasingly continuous and global trading environment | Source: Nasdaq, Inc.
NEW YORK, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of LeveL Markets, LLC, a leading off-exchange equity execution venue and operator of one of the largest Alternative Trading Systems (ATSs) in the United States. This acquisition marks a key milestone in Nasdaq's strategy to advance always-on markets infrastructure, as investors increasingly expect seamless access to market services across venues and asset classes.
LeveL Markets provides institutional investors with a scaled, deeply connected execution platform that processes hundreds of millions of shares each day across more than 7,000 symbols. The venue reaches more than 2,500 clients through more than 15 order and execution management system integrations, and its average daily volume grew 56 percent year-over-year in 2025 — making it the third-largest ATS in the United States by trading volume.
"We are pleased to welcome LeveL Markets' clients to Nasdaq and look forward to supporting a seamless transition," said Roland Chai, Head of Nasdaq's Digital Liquidity Networks. "LeveL Markets advances our vision for more connected, always-on markets by adding a scaled off-exchange liquidity platform and execution expertise to Nasdaq’s technology, market capabilities, and client relationships. We will continue to develop LeveL Markets’ strong platform and client communities to drive long-term growth and innovation.”
LeveL Markets will continue to operate as a registered ATS subject to FINRA oversight, with its own dedicated management team under Nasdaq’s Digital Liquidity Networks organization. Nasdaq intends to operate LeveL Markets with the strong execution quality clients expect, while investing in LeveL Markets' technology and capabilities to accelerate long-term growth.
Nasdaq first acquired a minority stake in LeveL Markets in August 2021, as part of a broader always-on strategy, to establish a presence in off-exchange equities and to build an overall capability in alternative market structures.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Nasdaq’s plans, objectives, expectations, and intentions following its completed acquisition of LeveL Markets, including statements concerning integration, client service, technology investment, business opportunities, market development, and potential future products or services. Words such as “will,” “may,” “could,” “expects,” “intends,” “plans,” “believes,” “seeks,” and similar expressions may identify forward-looking statements. These statements are based on management’s current expectations and assumptions and are not guarantees of future performance, and involve risks, uncertainties, and assumptions that could cause actual results to differ materially, including the ability to integrate the businesses and realize anticipated benefits; maintain client, employee, and other business relationships; manage technology, cybersecurity, data-protection, system-resiliency, and operational risks; comply with applicable laws and regulations, including SEC and FINRA requirements; obtain any approvals required for future initiatives; and respond to market, competitive, economic, and regulatory developments. Forward-looking statements speak only as of the date of this communication, and undue reliance should not be placed on them. Nasdaq undertakes no obligation to update them except as required by law. References to potential products, services, markets, or capabilities do not indicate current availability or regulatory approval, and no assurance can be given that any such initiative will be developed or launched.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Nasdaq zahájil proces vyřazení společnosti RedCloud (RCT) z obchodování kvůli nesplnění požadavku na minimální nabídkovou cenu 1 USD. Odvolání zatím umožňuje pokračování obchodování; firma plánuje reverzní rozdělení akcií.
As a result of the appeal, there is no immediate impact on the listing of RedCloud ordinary shares, which continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “RCT” | Source: RedCloud Holdings plc
LONDON, Oct. 14, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI prediction infrastructure for global FMCG trade, today announced that on October 13, 2026, it received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has initiated the process of delisting the Company’s ordinary shares from the Nasdaq Capital Market as a result of the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), which requires primary securities listed on the Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if a deficiency under the Minimum Bid Price Rule continues for a period of consecutive 30 business days. The Company is not eligible for a second 180-day compliance period because it lacks the stockholders’ equity required to meet the initial listing standards.
The Company has appealed the Staff Determination by filing a request for an oral hearing before the Nasdaq Hearings Panel (the “Hearings Panel”). This request has stayed the suspension of trading or delisting of the Company’s securities pending the hearing and the Hearing Panel’s decision. In the meantime, the Company’s securities will continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “RCT”.
The Company will submit to the Hearings Panel a written plan of compliance, including a commitment to effect a reverse stock split. As previously announced on October 6, 2026, the Company’s Board of Directors has convened a General Meeting scheduled for October 30, 2026 (the “General Meeting”). At the General Meeting, the Company will seek shareholder approval to effect a share consolidation. If approved by shareholders, the share consolidation is expected to be effective on or about November 13, 2026. Depending on the timing of the hearing before the Hearings Panel, the share consolidation may already be effective.
About RedCloud
RedCloud Holdings plc (Nasdaq: RCT) builds AI infrastructure for the prediction of FMCG trade. More than $8.4 billion of FMCG transactions have passed through its infrastructure between early 2023 and June 2026, across more than 100,000 customers and 6,700 brands. RedCloud uses this proprietary transaction data to develop RAID (Real-time AI for Distribution), its prediction model for distribution, and deploys its infrastructure and associated products (“RedAI”) either directly or through joint ventures with partners who fund and operate local markets.
RedCloud is a British company registered in London. Justin Floyd is its Founder and Chief Executive Officer. For more information, please visit www.redcloudtechnology.com and connect on LinkedIn.
Forward-Looking Statements
The information in this press release may include forward-looking statements within the meaning of the federal securities laws. These statements include, without limitation, statements regarding the expected general meeting of shareholders. Words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including, but not limited to, the granting of the Company’s request a hearing before the Hearings Panel and, the outcome of the General Meeting. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in RedCloud’s most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission, as well as the Company’s periodic reports and other filings with the Securities and Exchange Commission. RedCloud undertakes no obligation to update or revise these forward-looking statements except as required by law.
Tokenizace státních dluhopisů, akcií a fondů peněžního trhu by podle šéfky Nasdaq Adeny Friedmanové mohla uvolnit desítky miliard dolarů kapitálu vázaného v podobě zajištění.
Tokenization could free up tens of billions of dollars in capital tied up in assets used as collateral across the global financial system, Nasdaq CEO Adena Friedman said.
Tokenizing assets such as Treasurys, equities and money market funds, along with the flow of money, could make collateral more liquid, Friedman told CNBC's Joanna Ossinger, managing editor and head of APAC Digital News, at the TOKEN2049 conference in Singapore.
"If you tokenize all those instruments along with the flow of money, then the collateral becomes very fluid," Friedman said.
Tokenization involves representing financial assets, such as stocks and bonds, as digital tokens that can be transferred using blockchain technology.
Friedman said institutional interest in tokenization has grown over the past year, pointing in part to the passage of the Genius Act in the U.S., which established a regulatory framework for stablecoins.
"If we can tokenize money, then we can tokenize the flow of capital," she said.
That growing institutional interest is converging with demand from retail investors, who have long sought the ability to trade around the clock, according to Friedman. The retail ecosystem "has been about 10 years ahead," she said.
The push toward 24/7 tradingMoving to a fully 24/7 market would be a major undertaking for the financial industry, Friedman said.
"The easiest part is the exchange infrastructure," she said.
Friedman said that financial institutions have traditionally had periods when markets are closed to update systems and manage risk. But operating around the clock would require those processes, including risk and collateral management, to take place continuously.
"Everything has to be real time all the time," she said.
Artificial intelligence could help financial institutions manage that transition. Nasdaq has launched a series of digital agents within its risk management platform that initially provide recommendations, Friedman said.
Over time, banks could use those agents to take more direct action, she added.
"AI is critical for 24/7," Friedman said.
Bridging crypto and traditional financeCompanies outside the U.S. are showing interest in tokenization and access to American capital markets, Arjun Sethi, co-CEO of cryptocurrency exchange Kraken, told CNBC.
Sethi pointed to a company generating roughly $25 million in revenue that was exploring ways to access capital markets, as well as larger international companies interested in tokenization and U.S. public listings.
He said tokenization could help expand access to capital markets for companies around the world.
However, round-the-clock trading may not be suitable for everything, according to Friedman.
"Not every asset is liquid enough to support a 24/7 environment," she said.
Still, greater connectivity across the global financial system could also open up access to asset classes that were previously out of reach for some investors, Friedman said.
NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for September 2026, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended September 30, 2026, on its Investor Relations website.
A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
Cycurion oznámila, že znovu splnila požadavek Nasdaq na minimální nabídkovou cenu 1,00 USD za akcii. Po reverzním splitu 1:8 držela nabídková cena nad 1,00 USD deset po sobě jdoucích obchodních dnů.
MCLEAN, Va., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading AI-driven, tech-enabled cybersecurity solutions provider, today announced that it has received a letter, dated October 1, 2026, from the Hearings Office of The Nasdaq Stock Market LLC confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(1), the minimum bid price requirement of $1.00 per share, as required by the Nasdaq Hearings Panel’s decision letter dated September 9, 2026.
The October 1 letter confirms that the Company has regained compliance with Listing Rule 5550(a)(1). Nasdaq staff’s compliance worksheet, referenced in the letter, states that on August 28, 2026 the Company effected a 1-for-8 reverse stock split and that, since then, the Company’s bid price has closed above $1.00 for 10 consecutive trading days. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU.
The September 9, 2026 Panel decision granted the Company’s request for continued listing subject to demonstrating bid-price compliance on or before September 11, 2026. The October 1 letter confirms that condition has been met.
In application of Listing Rule 5815(d)(4)(A), the Company will be subject to a Discretionary Panel Monitor for one year from October 1, 2026, through October 1, 2027. If the Company fails to maintain compliance with any continued listing requirement during that period, Nasdaq staff will issue a delist determination letter, and the Company will not be permitted to submit a plan of compliance or receive additional time from staff to regain compliance. The Company may request a hearing, which the Nasdaq Hearings Department would promptly schedule. The Hearings Panel will consider the Company’s compliance history in any such decision.
“Nasdaq’s letter confirms that we met the bid-price condition in the Panel’s decision,” said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. “The common stock continues to trade on Nasdaq. We understand the monitor, and meeting Nasdaq’s listing standards has been, and remains, a priority for the Company.”
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity and AI solutions, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More info: www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, the Company’s ability to maintain compliance with Nasdaq’s continued listing requirements, including during the Discretionary Panel Monitor period through October 1, 2027; the continued listing and trading of the Company’s common stock on the Nasdaq Capital Market; the operations and prospective growth of the Company’s business; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the Company’s ability to maintain a closing bid price of at least $1.00 per share and to satisfy Nasdaq’s other continued listing requirements; the fact that, during the Discretionary Panel Monitor period, any failure to maintain compliance will result in a delist determination without the opportunity to submit a plan of compliance or obtain additional time from Nasdaq staff; the outcome of any hearing that may follow such a determination; the effect of the reverse stock split on the market price, trading volume, and liquidity of the Company’s common stock; volatility in the Company’s stock price; any potential legal proceedings; and the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
FinTech divize Nasdaq ve 2. čtvrtletí zvýšila výnosy o 16 % na 539 milionů USD, z toho organicky o 15 %. Nasdaq Verafin přidal 47 SMB klientů a šest enterprise obchodů.
Key Takeaways Nasdaq's FinTech revenues rose 16% to $539 million in the second quarter, with 15% organic growth. Nasdaq Verafin added 47 SMB clients and six enterprise deals, while AI expands fraud and AML capabilities. Nasdaq added 58 FinTech clients, seven cross-sells and 107 upsells, strengthening recurring revenue growth. Nasdaq, Inc.’s (NDAQ - Free Report) Financial Technology business is emerging as an increasingly important growth engine as financial institutions accelerate investments in cloud-based capital-markets infrastructure, regulatory technology and financial-crime solutions. The business offers an attractive mix of recurring and subscription-based revenues, potentially providing Nasdaq with greater revenue visibility while reducing reliance on transaction-sensitive businesses.
In the second quarter of 2026, FinTech revenues increased 16% year over year to $539 million, including 15% organic growth, while FinTech annualized recurring revenue grew 16% organically. Growth was broad-based, with all three FinTech subdivisions delivering double-digit growth for the second consecutive quarter. Financial Crime Management Technology remains an important opportunity, with Nasdaq Verafin adding 47 new SMB clients and six enterprise deals during the quarter. Nasdaq is also integrating AI into fraud and anti-money-laundering workflows, including through its agentic AI workforce, which could enhance the efficiency and value of its solutions for financial institutions.
Regulatory Technology provides another structural growth avenue as financial institutions contend with increasingly complex compliance, surveillance and risk-management requirements. Meanwhile, Capital Markets Technology remains the largest FinTech subdivision, generating $321 million in second-quarter revenues, up 15% year over year, driven by subscription growth, data-center expansion and continued demand for its technology solutions.
Nasdaq’s One Nasdaq strategy could further strengthen FinTech growth by enabling the company to cross-sell technology, data, index and market-infrastructure solutions across its client base. In the second quarter, NDAQ added 58 new FinTech clients, seven cross-sells and 107 upsells, while cross-sells represented more than 15% of the sales pipeline. Continued cloud and SaaS adoption, AI integration and cross-selling could therefore help FinTech become a larger contributor to Nasdaq’s recurring revenue base and long-term growth.
What About Other Players? Intercontinental Exchange Inc. (ICE - Free Report) has built a diversified financial infrastructure platform that extends well beyond its traditional exchange operations into financial technology, data and workflow solutions. Its Fixed Income & Data Services business provides fixed-income data and analytics, indices, execution, clearing, and data and network technology, while its Mortgage Technology business offers technology across mortgage origination, closing, servicing, data and analytics. In the second quarter of 2026, overall recurring revenue grew 8% to $1.35 billion, highlighting the increasing contribution of technology- and subscription-oriented businesses to ICE's diversified growth model.
CME Group Inc. (CME - Free Report) operates a broad financial-market infrastructure platform spanning exchange trading, clearing, market data and technology-enabled trading services. Its CME Globex platform provides electronic access to futures and options, while CME Clearing serves as the central counterparty for futures, options and OTC transactions. The company also generates growing revenues from market data, analytics, connectivity, co-location and other technology services that support clients throughout the trading lifecycle. CME is also migrating listed derivatives on Globex to Google's ultra-low-latency cloud infrastructure, which could further expand its technology and connectivity capabilities.
NDAQ’s Price PerformanceShares of NDAQ have gained 5.6% in the past year, outperforming the industry.
Image Source: Zacks Investment Research
NDAQ’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-earnings multiple of 20.16, higher than the industry average of 19.74.
Image Source: Zacks Investment Research
Estimate Movement for NDAQThe Zacks Consensus Estimate for NDAQ’s fourth-quarter 2026 earnings per share (EPS) has moved up 0.9% in the past 60 days. The same for full-year 2026 and 2027 EPS has moved up 0.5% and 0.6%, respectively, in the past 60 days.
Nasdaq spustil v platformě Calypso agentní AI prostředí pro kapitálové trhy a treasury, které má automatizovat analýzu a další kroky napříč obchodním cyklem. Součástí je i asistent v přirozeném jazyce pro práci s daty a dokumenty.
Marks a major milestone in Nasdaq Calypso’s strategy to serve as the trusted orchestration layer connecting agents across capital market and treasury workflows
Introduces agentic capabilities, including a natural language assistant to automate analysis of the platform’s system-of-record data
NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today launched a framework for integrating AI capabilities within capital market and treasury operations, addressing some of the bottlenecks that are preventing scaled institutional adoption. At its core, Nasdaq has established an agentic AI operating environment within its Nasdaq Calypso platform, providing financial institutions with a contained, governed space to run, connect, and scale AI agents across the trade lifecycle.
"For institutions to adopt AI agents at scale, they need a trusted, governed infrastructure inside the capital market platforms they already run, a place to connect agents from many different sources to real workflows, data, and controls," said Magnus Haglind, Head of Capital Markets Technology at Nasdaq. "By integrating agentic capabilities and serving as the orchestration layer, we are evolving Nasdaq Calypso from a system of record into an intelligent platform that automates activity at every stage of the trade lifecycle."
AI has enormous potential across capital market workflows to enhance risk controls, reduce settlement failures, and transform operational data into automated actions. According to a recent Nasdaq and Acuiti survey, almost half of respondents highlighted challenges relating to manual intervention within their post-trade operations, while 56% said they risk losing ground to competitors if they do not integrate AI or machine learning into their clearing operations.
How the Nasdaq Calypso Agentic AI Environment Will Work
Nasdaq Calypso is an advanced capital markets and treasury platform used by banks, brokers, asset managers, central banks, and other financial institutions to process front-to-back office trading, risk management, and collateral workflows. The operating environment will allow clients to access Nasdaq Calypso’s agents and connect their own proprietary AI infrastructure through an integrated layer built on the Model Context Protocol (MCP). MCP is an emerging industry standard for linking AI agents to software.
The environment applies robust operational boundaries, live oversight, and strict sandboxing with no external data retention, designed to keep AI agents operating solely within an institution's perimeter and policies. It will enable agents to operate on core Nasdaq Calypso data, drawing on the platform's system-of-record trading, risk, and collateral records, and can be extended with additional enterprise, market, and reference data sources.
Today’s launch also aligns with the first agentic capabilities available in the environment: a natural language assistant that lets users query the platform’s data, documentation, and other information. The functionality seeks to deepen how teams can use the platform, enhance productivity around data analysis and document review, and accelerate decision-making.
Nasdaq plans to roll out a suite of governed agentic workers designed to address operational friction caused by manual processes that persist across capital market workflows.
Clients retain full control of their data. The agents will be hosted by Nasdaq and delivered through Nasdaq Calypso's cloud environment, which is built on Amazon Bedrock to provide the scalable services and governance controls required to run agentic AI in regulated environments. On-premises clients will also be able to connect to those same agents.
Nasdaq will partner with individual clients as they work through internal AI governance and control requirements to bring these capabilities online. The launch builds on Nasdaq's extensive AI capabilities within its suite of Financial Technology platforms, including Nasdaq Verafin's Agentic AI workforce leveraged by 800+ clients, and AI-powered regulatory reporting in Nasdaq AxiomSL. As institutions increasingly adopt these technology platforms, the patterns learned are expected to help deliver even greater levels of performance and client outcomes.
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will,” “can,” “enable,” “plans ” “seeks,” “designed to” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the performance and benefits of Nasdaq Calypso and its AI capabilities, including agentic functionality. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq investuje 100 milionů USD do Payward, mateřské společnosti Kraken, aby společně vybudovaly platformu pro tokenizované akcie. Cílí na spuštění ve 2. čtvrtletí 2027.
Last week, the investing world inched closer to 24/7, rapid-settlement stock trading. That, at least, is the promise of a recent initiative by stock exchange operator Nasdaq (NDAQ +1.58%), which reported that the effort has entered a new stage.
Specifically, the company announced it is teaming up with Payward -- the parent company of the crypto exchange Kraken -- to bring its tokenized stock platform closer to realization. Here are the key elements of this deal.
Image source: Getty Images.
More than a token gesture Nasdaq divulged that its Nasdaq Ventures arm is investing $100 million in Payward. The two companies, which already collaborate on the former's Nasdaq Equity Token (NET) framework, will work together to build the infrastructure necessary for high-trust, high-reliability tokenized stock trading.
These days, tokenized stocks are essentially investments recorded on a blockchain, similar to buying or selling a cryptocurrency. The important difference between this and traditional stock transactions is that the buyer holds only a contractual claim to the stock and is not directly registered as its owner.
With the system it's developing with Payward, Nasdaq aims to confer direct ownership and the rights that come with it, such as voting, on stockholders.
In the press release touting the Payward investment and collaboration agreement, Nasdaq emphasized that its goal was to construct a platform that "helps build a more connected financial system while preserving the trust, transparency and integrity that underpin capital formation."
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The trust factor It's a little hard to pin down the average trading volumes of tokenized stock systems; regardless, they're still well down from those of classic exchange transacting.
While Nasdaq isn't exactly establishing first-mover advantage in the tokenized segment, what it's going for would represent a significant evolution. And if it's effective in meeting its stated goals for transparency and security, it can easily take the lead; Kraken would benefit, too, well beyond that $100 million investment from the exchange operator.
Nasdaq said that it and Payward are targeting a second-quarter 2027 launch for NETs. We can imagine this will occur on at least a pilot version of the new platform. While that's not long from now in calendar terms, the cryptoverse evolves quickly, and a dominant (and trusted) tokenized stock platform operator might emerge in the interim.
So to me, while Nasdaq/Payward's planned system sounds very promising, investors and other interested parties should monitor how the tokenized stock scene continues to develop. If no comparable system dominates by then, both companies could reap significant rewards by advancing the technology.
Společnost Change Agents oznámila, že znovu splnila požadavek Nasdaqu na minimální nabídkovou cenu. Akcie CHGA se po 10 po sobě jdoucích obchodních dnů od 31. srpna do 14. září 2026 obchodovaly nad 1,00 USD.
Company in Full Compliance with All Nasdaq Continued Listing Requirements | Source: Change Agents Corp.
FREEHOLD, N.J., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Change Agents Corporation (Nasdaq: CHGA) (“Change Agents” or the “Company”), a developer of agentic artificial intelligence (“AI”) software solutions advancing into AI-enabled autonomous air surveillance and air defense counter-unmanned aerial systems (“C-UAS”) technologies, today announced that it had received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on September 15, 2026 informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on Nasdaq.
As previously disclosed, the Company was notified by Nasdaq on April 15, 2026 that its common shares had failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. Nasdaq has now determined that the closing bid price of the Company's common stock was at or above $1.00 per share for 10 consecutive business days from August 31, 2026 to September 14, 2026. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq has advised the Company that the matter has been closed.
“We are pleased to have regained compliance with Nasdaq’s minimum bid price requirement, which represents an important step as we continue executing on the transformation of Change Agents,” said Michael Mathews, Director of Change Agents Corporation. “Over the past several months, we have taken meaningful steps to advance our strategy across both agentic AI software and AI-enabled autonomous defense technologies. With Phase 2 development of our Catch-Up platform now complete and beta testing ongoing, alongside the continued expansion of our autonomous air defense and counter-UAS initiatives, we believe we are building a stronger foundation to pursue multiple high-growth market opportunities and create long-term value for our shareholders.”
About Change Agents Corporation
Change Agents Corporation (Nasdaq: CHGA) is a developer of agentic artificial intelligence software solutions. The Company is expanding its strategy into AI-enabled autonomous air defense and counter-UAS technologies through its wholly owned subsidiary, Autonomous Air Defense LLC. Change Agents is evaluating technologies, strategic partnerships and acquisition opportunities intended to position the Company in markets where artificial intelligence, autonomous systems and advanced defense technologies converge. The Company's current portfolio includes Beacon, an AI Search Optimization platform, and Catch-Up, an autonomous AI-powered content creation platform. Through its scalable Software-as-a-Service (SaaS) business model, Change Agents is focused on delivering innovative AI solutions that create measurable customer value while generating recurring subscription revenue and long-term shareholder returns. The Company is seeking to expand into various high growth sectors that are expected to benefit from artificial intelligence.
Change Agents is also distributing the KetoAir™ breathalyzer device a non-invasive consumer breathalyzer that measures ketosis levels and is sold in North America, which is registered with the U.S. Food and Drug Administration as a Class I medical device.
For more information about Change Agents Corp, please visit www.changeagentscorp.com.
Forward-Looking Statements
Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “should”, “may”, and other words and terms of similar meaning or use of future dates; however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements regarding the Company’s strategy, the formation and anticipated activities of Autonomous Air Defense LLC, the evaluation of potential acquisitions, strategic investments and partnerships, the size and growth of the counter-UAS market, and future business plans. Market data cited herein is derived from third-party sources that the Company believes to be reliable but has not independently verified. The Company has no operating history in the defense sector, and there can be no assurance that it will complete any transaction, develop or acquire any counter-UAS technology, or generate any revenue from this initiative. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the SEC, accessible through the SEC’s website (http://www.sec.gov), including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed or furnished with the SEC. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. The Company disclaims any obligation to update forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. The contents of any website referenced in this press release are not incorporated by reference herein.
Nasdaq investuje 100 milionů USD do Payward, mateřské společnosti Kraken, a chystá Nasdaq Equity Tokens ke spuštění ve 2. čtvrtletí 2027 prostřednictvím ekosystému xStocks. Cílem je propojit tradiční vypořádání a clearing s nepřetržitým digitálním obchodováním.
Are traditional financial exchanges at risk of falling behind as trading shifts toward continuous digital venues? For generations, U.S. equity markets have operated on rigid schedules, opening at 9:30 a.m. Eastern time and closing overnight, on weekends, and on holidays. Capital, however, does not sleep. Digital asset markets have demonstrated that institutional and retail participants value continuous access to liquidity. Rather than watching independent venues capture this activity, Nasdaq, Inc. NASDAQ: NDAQ is moving directly onto digital rails.
Through a strategic $100 million commitment to Payward, the parent company of Kraken, which is reportedly valued at approximately $21 billion, Nasdaq is connecting established clearing rails to round-the-clock networks. This partnership represents a fundamental defense of market infrastructure. By preparing to roll out Nasdaq Equity Tokens, known as NETs, the enterprise is building an operational framework for securities that can move across traditional and tokenized markets while keeping legal shareholder protections intact. To appreciate the financial impact of this transaction, an investor should look closely at how post-trade clearing actually functions.
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Killing the T+1 Lag: How Atomic Settlement Frees BillionsEvery trading day, more than $2 trillion in stock volume moves across the U.S. clearing system. Central counterparties net these trades down by about 98%, matching buy orders against sell orders, so only the residual transactions require settlement. Even with that level of netting, clearing organizations still require broker-dealers to post between $10 billion and $20 billion in margin collateral while trades wait to settle.
That cash sits idle, serving as an insurance buffer against counterparty default. When the market moved from a two-day settlement window to one day in 2024, the transition released roughly $3 billion in liquidity. Taking that process to on-chain rails could remove the settlement delay entirely.
Nasdaq and Payward's joint roadmap plans to launch Nasdaq Equity Tokens in the second quarter of 2027 through the xStocks ecosystem. On distributed rails, settlement can occur through atomic transactions, meaning the security and the payment transfer occur simultaneously. When settlement is immediate, counterparty risk can fall sharply, and the need for clearinghouses to tie up billions in broker capital drops substantially.
Clearing and settlement have long formed the primary competitive moat for legacy exchanges. High-frequency matching engines are relatively simple to build, but trusted, regulated clearing infrastructure is exceptionally difficult to duplicate. By linking its Digital Liquidity Networks division with Kraken, Nasdaq protects this clearing franchise, ensuring that future trading volume stays anchored to its own settlement ecosystem.
Surveillance Software Adds Another Revenue OpportunityTrading volume fluctuates with market sentiment. During quiet summer periods or prolonged consolidation, exchange transaction fees can drop quickly. To build a more stable financial foundation, Nasdaq has spent the past decade remaking itself into a specialized enterprise technology provider.
The arrangement with Payward includes an enterprise software license that requires Kraken to integrate Nasdaq’s trade surveillance architecture across its entire product lineup. That umbrella includes crypto spot trading, traditional equities, tokenized shares, futures, and options. Market surveillance software serves as an exchange's operational radar, scanning continuous transaction books to detect wash sales, spoofing, front-running, and artificial price distortions.
By licensing this platform to Payward, the enterprise adds another potential source of recurring software revenue. Nasdaq has not disclosed the financial terms of the surveillance agreement. This recurring-revenue strategy mirrors Nasdaq's approach after acquiring Adenza, as well as its purchase of Dasseti in early September 2026 to enhance private-market AI tools.
Instead of relying strictly on volatile per-trade fees, Nasdaq is positioning its technology as part of the compliance infrastructure for modern digital venues. The resulting software subscriptions can provide more predictable revenue alongside the company's transaction-driven businesses.
Software Growth Supports Nasdaq’s Broader Valuation CaseThe shift toward software and modern clearing rails is reflected in the company's fundamental performance. In its second-quarter financial results, Nasdaq posted adjusted earnings per share (EPS) of $1.07, surpassing consensus estimates of 98 cents. Total net revenue grew about 15% year over year (YOY) to $1.5 billion, supported by steady corporate adoption of its data analytics and anti-financial-crime software suites.
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Key fundamental metrics demonstrate effective operating discipline:
Return on equity (ROE) sits near 18%, pointing to efficient utilization of shareholder capital.
Net profit margins hover around 23%, reflecting the operating leverage created by software expansion.
The debt-to-equity ratio stands near 0.71, indicating manageable leverage that allows leadership to fund strategic venture investments without straining liquidity.
Nasdaq stock trades at a forward price-to-earnings (P/E) ratio around 22, while consensus analyst forecasts place the 12-month price target near $110, representing about 18% upside from current market levels.
Income-focused investors also receive tangible yield support, as the equity provides an approximate 1.3% dividend yield with an ex-dividend date on Sept. 11, 2026, and payment scheduled for Sept. 25, 2026.
Investors should also evaluate prospective risks. A target rollout date in mid-2027 leaves a multi-year development period where regulatory guidelines could shift. Connecting centralized clearing entities with public or private blockchains requires strict technical execution, and Payward's $21 billion private valuation means Nasdaq’s investment must be matched by meaningful volume adoption on NETs to create significant equity accretion.
Ringing the Midnight BellThe possible move toward 24/7 financial markets is not a fleeting trend, but a natural evolution of global capital flows. By combining a direct equity position in Payward with proprietary software licensing, Nasdaq is addressing two strategic priorities at once. The firm hedges against volume loss from continuous trading alternatives, while simultaneously securing enterprise technology revenue from an expanding multi-asset platform.
Investors who evaluate the firm strictly as a legacy stock market operator are looking backward. The enterprise is systematically building out the operational infrastructure to clear, settle, and supervise assets across both traditional and distributed rails.
Investors seeking durable exposure to modern financial plumbing might look past day-to-day share price fluctuations. Those with a patient time horizon could consider using seasonal price pullbacks to build an allocation, allowing the fundamental benefits of the 2027 tokenized equity rollout to unfold over the coming years.
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Nasdaq investuje 100 milionů USD do Payward, mateřské společnosti Kraken, a s firmou plánuje spuštění tokenizovaných akcií ve 2. čtvrtletí 2027. Součástí je i vývoj infrastruktury a dohledové technologie pro jejich obchodování.
Nasdaq's venture capital arm is investing $100 million in Kraken parent Payward, partnering with the crypto firm to launch tokenized equities in 2027 and build a market infrastructure and surveillance technology to support them.
The deal expands on a previously announced partnership between Nasdaq and Payward to test Nasdaq Equity Tokens (NETs). In this new phase, the companies will develop an infrastructure to distribute and trade tokenized stocks, which is the issue of digital representations of publicly traded securities, other assets or form of value on a blockchain network, Nasdaq said Thursday morning.
The partners expect to launch their tokenized equities in the second quarter of 2027. Holders of tokenized assets don't have outright ownership of the assets themselves.
Payward will also adopt Nasdaq's market-surveillance technology across its trading venues, including crypto and tokenized equities, as the Kraken exchange looks beyond cryptocurrencies to move into stocks, derivatives and other traditional financial products in an attempt to turn its crypto exchange into a broader, multi-asset trading platform.
The investment brings the crypto company's valuation to $21 billion, according to Bloomberg, which first reported the story Thursday.
"The next era of market evolution will be defined by how efficiently and seamlessly capital and assets move across the financial system with durable liquidity," Nasdaq president Tal Cohen said in a statement. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution. This partnership advances our work on Nasdaq Equity Tokens and helps build a more connected financial system while preserving the trust, transparency and integrity that underpin capital formation."
The investment reflects a growing push by Wall Street to make tokenized securities part of the mainstream market, with Nasdaq positioning itself for a stock market where shares can exist on blockchain networks alongside traditional financial infrastructure. In building that parallel system with Payward, Nasdaq could eventually make trading and settlement faster and allow markets to operate around the clock.
The latest deal comes amid a spat between the CEOs of Robinhood and AMC, focused on the brokerage offering tokenized versions of AMC shares without AMC's involvement — offering investors a glimpse of the bigger debate around what exactly a "tokenized stock" represents and what rights its holder gets.
While AMC says it creates a synthetic market that gives investors economic exposure without actual shareholder rights, Robinhood defended its position on CNBC's "Squawk Box" Wednesday, saying it and others are free to create and offer financial products that reference public stocks.
Nasdaq dokončil akvizici Dasseti, čímž rozšířil své institucionální investiční technologie o AI pro due diligence a monitoring. Získává také přístup k síti zhruba 17 000 správců aktiv a general partners s aktivy v objemu 34 bilionů USD.
Key Takeaways Nasdaq completed its acquisition of Dasseti, expanding its institutional investment-technology capabilities. Dasseti's AI automates due diligence and monitoring, reducing manual processes for institutional investors. NDAQ can leverage Dasseti's 17,000-manager ecosystem and $34 trillion in AUM to broaden client relationships. Nasdaq, Inc. (NDAQ - Free Report) has completed its acquisition of Dasseti, an AI-powered due diligence and monitoring platform serving investment consultants, institutional investors and asset managers. Announced in July 2026 and completed on Sept. 2, the transaction expands Nasdaq’s institutional investment-technology capabilities, although financial terms were not disclosed.
Dasseti helps institutional investors automate the evaluation and ongoing monitoring of investment managers and funds. Its technology streamlines due-diligence questionnaires, RFPs and monitoring workflows, using AI to reduce manual processes and organize investment-related information more efficiently. Nasdaq plans to integrate Dasseti into eVestment, extending the platform beyond manager research and selection into due diligence and ongoing monitoring.
The acquisition also gives Nasdaq access to Dasseti’s ecosystem of roughly 17,000 asset managers and general partners representing $34 trillion in AUM, creating opportunities to broaden relationships with institutional clients. Nasdaq Ventures previously invested in Dasseti in 2022, providing Nasdaq with familiarity with the platform before the acquisition.
The deal is strategically positive for NDAQ because it strengthens the company’s Data & Technology Solutions franchise and supports its shift toward higher-value data, analytics, AI and workflow technology. By combining eVestment’s institutional investment data with Dasseti’s due-diligence and monitoring capabilities, Nasdaq can offer clients a more comprehensive investment-management workflow and potentially create additional recurring technology and data revenues through cross-selling. The key opportunity is not the near-term financial contribution from Dasseti, but its potential to make eVestment more deeply embedded in clients’ investment processes and enhance Nasdaq’s long-term growth in institutional data and technology.
What About Its Peers?Cboe Global Markets, Inc.’s (CBOE - Free Report) acquisitions have largely focused on building out market-data, analytics and trading-technology capabilities. For example, Cboe acquired Hanweck, FT Options and Trade Alert, combining volatility analytics, options data and real-time trading intelligence. Cboe says the acquisitions were designed to integrate complementary datasets and technology, strengthening its market-data offering and giving clients tools across the trading lifecycle. Cboe recently shifted toward core derivatives, data and emerging-market opportunities, while divesting non-core businesses such as Cboe Canada and Australia.
Intercontinental Exchange Inc.’s (ICE - Free Report) strong example of an acquisition is Black Knight, which was completed in September 2023 for approximately $11.8 billion. Black Knight added mortgage software, data and analytics capabilities to ICE, complementing its earlier acquisitions of Ellie Mae, Simplifile and MERS and helping ICE build an end-to-end digital mortgage ecosystem. The combination brought together loan-origination, servicing, closing, consumer-engagement and data/analytics capabilities, allowing ICE to automate more of the mortgage lifecycle and generate additional recurring, technology-driven revenues.
NDAQ’s Price PerformanceShares of NDAQ have gained 2% in the past year, outperforming the industry.
Image Source: Zacks Investment Research
NDAQ’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-earnings multiple of 21.43, higher than the industry average of 21.42.
Image Source: Zacks Investment Research
Estimate Movement for NDAQThe Zacks Consensus Estimate for NDAQ’s third-quarter and fourth-quarter 2026 EPS has moved up 3% and 2.8%, respectively, in the past 60 days. The same for full-year 2026 and 2027 EPS has moved up 4.8% and 5.6%, respectively, in the past 60 days.
The acquisition adds AI-powered due diligence and monitoring to Nasdaq eVestment™ and deepens the platform's coverage of private markets. | Source: Nasdaq, Inc.
NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that it has completed its acquisition of Dasseti, an AI-powered due diligence and monitoring platform for investment consultants, institutional investors, and asset managers. Dasseti's capabilities will be integrated into Nasdaq eVestment™, extending the platform across the full manager research, due diligence, and monitoring lifecycle. First announced on July 23, 2026, the acquisition builds on a relationship that began with an early-stage investment by Nasdaq Ventures in 2022. Financial terms were not disclosed.
Institutional teams operate across an expanding universe of managers, strategies, and asset classes, particularly in private markets, where data is less standardized and reporting requirements are more demanding. Nasdaq eVestment operates at the center of that universe, connecting roughly 4,800 contributing asset managers with more than 1,200 asset owners and intermediaries, powering more than $90 trillion in assets under management across 112,000+ products in 109 countries. Additionally, private markets coverage now includes more than 16,000 managers and 95,000 funds, all accessible via Nasdaq eVestment, global data providers, and customer relationship management platforms.
Dasseti applies AI to the due diligence questionnaires, request for proposals (RFPs), and ongoing monitoring that generate insight on how managers operate. The platform covers 17,000 asset managers and general partners (GPs) representing $34 trillion in assets under management, one of the industry's largest due diligence and monitoring ecosystems. Integrated into Nasdaq eVestment, those capabilities are expected to accelerate response times and improve data quality - giving consultants and institutional investors a complete path from screening through selection and ongoing monitoring in a single environment, while unifying the RFP, due diligence questionnaire (DDQ), and database management experience for asset managers.
"Much of the due diligence and RFP process still happens outside core research platforms, in a patchwork of spreadsheets, PDFs, and email threads," said Oliver Albers, Executive Vice President and Chief Product Officer, Capital Access Platforms, Nasdaq. “With Dasseti, we're bringing AI-powered due diligence and monitoring into Nasdaq eVestment, creating a more connected experience that helps institutional investors move from research to decision-making and ongoing oversight with greater efficiency and confidence."
For more information on Nasdaq eVestment: https://www.nasdaq.com/products/evestment
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X www.nasdaq.com.
About Nasdaq eVestment™
Nasdaq eVestment™ is a leading institutional intelligence and analytics platform that connects asset managers, asset owners, and investment consultants across public and private markets. As part of Nasdaq (Nasdaq: NDAQ), Nasdaq eVestment empowers institutional investment teams to make smarter, faster, and more confident decisions by delivering trusted data, market insights, and purpose-built workflows across the investment lifecycle. With the industry's most comprehensive database of institutional strategies, investors, and professionals, Nasdaq eVestment™ brings transparency and efficiency to manager research, due diligence, fundraising, and distribution. Our data, analytics, benchmarks, and engagement tools help clients uncover opportunities, evaluate performance, and strengthen relationships across the institutional investment community. To learn more about Nasdaq eVestment™, visit www.nasdaq.com/solutions/evestment.
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. When used in this press release, words such as "will", "expected” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this press release include, among other things, statements about the potential benefits of the transaction to Nasdaq, and the capabilities and features of Dasseti’s offerings and solutions integrated with Nasdaq eVestment’s offerings.
Further information on these and other risks and uncertainties relating to Nasdaq can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of Nasdaq 's website at http://ir.nasdaq.com/investor-relations. The forward-looking statements included in this press release are made only as of the date hereof. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Contact
Maximilian Leitenberger
646.852.0873 [email protected]
Nasdaq Verafin se spojil s Q6 Cyber a do své platformy přidává darkwebové zpravodajské informace o podvodech pro včasnější odhalování podvodů u finančních institucí.
Q6 partnership brings unique dark web fraud intelligence into Nasdaq Verafin’s consortium | Source: Nasdaq, Inc.
NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced a partnership with Q6 Cyber, bringing together Q6 Cyber's dark web fraud intelligence and Verafin's consortium data insights in a single platform to help financial institutions proactively identify and respond to emerging fraud and scam threats. Stolen checks, payment cards, and online banking credentials are increasingly traded through private forums and encrypted channels commonly referred to as the dark web. Through this partnership, financial institutions can access Q6 Cyber's specialized visibility into dark web activity alongside Nasdaq Verafin's industry-leading counterparty and transaction insights, providing a more comprehensive view of emerging threats and enabling more informed fraud prevention efforts.
“Financial institutions have long been at a structural disadvantage when it comes to fraud, as they can only see threats once they arrive,” said Colin Parsons, Head of Fraud Product Strategy at Nasdaq Verafin. “By integrating Q6 Cyber’s capabilities directly into Nasdaq Verafin, we are giving our clients the ability to identify fraud threats before the first fraudulent transaction is ever attempted. That kind of proactive protection is what banks and credit unions need to stay ahead in a threat environment that’s evolving faster than traditional defenses.”
Through this partnership, Nasdaq Verafin will integrate Q6 Cyber’s capabilities, known as dark web fraud intelligence, into its fraud and anti-money laundering platform, enabling financial institutions to receive Q6 Cyber data within the same workflow they use to investigate fraud cases. Q6 Cyber continuously monitors dark web marketplaces, deep web forums, and encrypted messaging platforms, identifying a wide range of fraud threats such as compromised checks, payment cards, and online banking credentials, among others. By combining these predictive and actionable risk signals with intelligence from Nasdaq Verafin’s consortium data network of over 2,800 financial institutions and more than 850 million counterparties, this partnership aims to deliver a more holistic picture of fraud risk. This enables banks and credit unions to identify and respond to fraud risks earlier, helping prevent fraud where possible and mitigate losses when suspicious activity is already underway.
“Access to these sources and communities is not something you can buy or crawl,” said Eli Dominitz, CEO of Q6 Cyber. “Our intelligence is highly impactful because over the past ten years, we have built a massive network of proprietary sources deep inside the dark web, going after the threat actors that target financial institutions. With first-hand access, every piece of intelligence we deliver is a confirmed compromise or threat rather than an exposure score. Bringing that into Nasdaq Verafin puts it in front of the fraud fighters who can act on it days or weeks before the fraud event even occurs.”
In the past 18 months alone, Q6 Cyber collected more than 1.2 million compromised checks, 57 million unique compromised credentials, and 158 million compromised payment cards from the hundreds of thousands of financial crime sources it monitors. Since this intelligence comes from directly inside the communities where stolen data is sold, this partnership is designed to deliver actionable threat intelligence within minutes to hours of surfacing on the dark web, which is usually well in advance of the ensuing fraud attempt.
Check fraud is an increasingly sophisticated and persistent fraud typology growing at an annualized rate of 20.4% over the last two years, according to Nasdaq Verafin’s 2026 Global Financial Crime Report. In a proof-of-concept, companies found that the average time from Q6 Cyber’s detection of a stolen check listing on the dark web to the first fraudulent check being returned was 10 days. By giving financial institutions a multi-day window to prevent the fraudulent check deposit, anti-financial crime teams can take steps to help ensure their customers’ accounts are protected well before a fraudulent transaction is even attempted.
Nasdaq Verafin clients will have access to Q6 Cyber’s powerful intelligence covering a range of fraud vectors including check fraud, payment card fraud, and online account takeover, enabling financial institutions to stay ahead of fraudsters. Nasdaq Verafin will receive intelligence from Q6 Cyber and surface it to customers as high-risk alerts, consolidating this threat data and making it available directly into Verafin's platform, so institutions can investigate and act on it in one unified workflow. To learn more about the partnership, visit: https://verafin.com/nasdaq-verafin-partners-with-q6-cyber.
About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more.
About Q6 Cyber
Q6 Cyber delivers dark web fraud intelligence purpose-built for financial institutions. It identifies confirmed compromises within the dark web — such as stolen checks, payment cards, account credentials, and mule accounts, among others — and delivers them as actionable alerts, giving banks and credit unions a critical time advantage to act before fraud is attempted. Q6 Cyber runs 24/7/365 across hundreds of thousands of underground channels, including invite-only forums, encrypted messaging platforms, carding marketplaces, and malware and botnet infrastructure, in the numerous languages those communities operate in. Learn more here.
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Q6 Cyber’s dark web intelligence and use of it together with the Verafin platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq Verafin Media Relations Contact
David Lurie
+1.914.538.0533 [email protected]
Nasdaq oznámil, že NusaTrip Incorporated bude 12. srpna 2026 vyřazena z burzy, pokud se neodvolá. Akcie zůstávají pozastavené až do vyřešení případného odvolání a po vyřazení mohou být obchodovány OTC.
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified NusaTrip Incorporated (Nasdaq: NUTR) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104167.pdf) Nasdaq halted trading in the Company’s ordinary shares on October 23, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.31 per share on the company's outstanding common stock. The dividend is payable on September 25, 2026 to shareholders of record at the close of business on September 11, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our dividend program and future payment obligations. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
Nasdaq (NDAQ - Free Report) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +9.18%. A quarter ago, it was expected that this exchange operator would post earnings of $0.93 per share when it actually produced earnings of $0.96, delivering a surprise of +3.23%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nasdaq, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.5 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.87%. This compares to year-ago revenues of $1.31 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nasdaq shares have lost about 6.4% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Nasdaq?While Nasdaq has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nasdaq was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.00 on $1.44 billion in revenues for the coming quarter and $3.93 on $5.79 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Securities and Exchanges is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, S&P Global (SPGI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This independent ratings and analytics provider is expected to post quarterly earnings of $4.49 per share in its upcoming report, which represents a year-over-year change of +1.4%. The consensus EPS estimate for the quarter has been revised 8.3% lower over the last 30 days to the current level.
S&P Global's revenues are expected to be $3.65 billion, down 2.9% from the year-ago quarter.
Nasdaq Private Market koupila NFS, sekundární fondový byznys Nasdaq, a rozšířila tak platformu pro sekundární likviditu o podíly ve fondech i přímé akcie společností.
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM), a leading provider of liquidity, capital and investment solutions for private companies and their investors, today announced it has acquired NFS, Nasdaq, Inc.’s fund secondaries business. NPM is an independent company that spun out of Nasdaq in 2021. The acquisition expands NPM's secondary liquidity platform to encompass both direct company shares and multi-asset fund stakes - giving NPM the capabilities and scale to serve the full spectrum of private secondary liquidity demand from a single platform.
“Liquidity is the defining challenge of today’s private markets, and secondaries have become the primary release valve for investors and managers alike,” said Tom Callahan, Chief Executive Officer of Nasdaq Private Market. “By bringing fund secondaries onto our platform, we become one of the few platforms where investors can execute liquidity transactions across both direct shares and fund stakes. This is a natural extension of everything we’ve built, and it positions NPM to grow alongside one of the most dynamic markets in finance.”
The private secondaries market has reached record scale: global secondary volume grew an estimated 53% in 2025 to roughly $233 billion, split almost evenly between LP-led and GP-led activity1. These transactions give investors and managers a way to unlock liquidity from otherwise long-dated, illiquid fund commitments — with limited partners selling existing fund stakes to rebalance portfolios (LP-led), and fund managers using continuation vehicles and other structured solutions to return capital to investors while retaining their highest-conviction assets (GP-led). Once a niche, GP-led activity has grown from less than 20% of the market a decade ago to nearly half today2.
In addition to opening access to the full addressable market for fund secondaries, the acquisition also creates meaningful opportunity to capture synergies and scale shared processes, technology, and distribution across both businesses.
"Nasdaq Fund Secondaries provides industry-leading liquidity solutions for GPs and LPs in the private markets and we believe it will be best positioned to realize its full potential within NPM, where it can benefit from greater focus, continued investment and the strengths of a dedicated private markets platform,” said Nelson Griggs, President of Nasdaq, “Nasdaq remains a committed shareholder of Nasdaq Private Market, and we look forward to continuing our partnership with them to realize the long-term opportunity across private markets."
The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including requisite regulatory approvals. Terms of the deal have not been disclosed.
About Nasdaq Private Market
Nasdaq Private Market LLC is a leading provider of liquidity, capital, and investment solutions for private companies and their investors, including individuals, fund managers and institutional LPs. The company is focused on building modern infrastructure for the private market ecosystem and has executed nearly $80 billion in secondary liquidity for 200,000+ individual eligible employee shareholders and investors across 1,000+ company-sponsored liquidity programs. Nasdaq Private Market is an independent company with strategic investments from Nasdaq and other institutional partners. Learn more at www.nasdaqprivatemarket.com.
About Nasdaq
Nasdaq, Inc. (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
This communication contains forward-looking information related to Nasdaq and the proposed sale of Nasdaq Fund Secondaries by Nasdaq to NPM that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. When used in this communication, words such as “will”, “enables”, “intends”, “expected”, “enhances”, “can” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed transaction, Nasdaq’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of Nasdaq, and the anticipated timing of closing of the proposed transaction. Risks and uncertainties include, among other things, risks related to the ability of Nasdaq to consummate the proposed transaction on a timely basis or at all; the ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; disruption from the transaction making it more difficult to maintain business and operational relationships; risks related to diverting management’s attention from Nasdaq’s ongoing business operations; unknown liabilities; the risk of litigation or regulatory actions related to the proposed transaction; and the effect of the announcement or pendency of the transaction on Nasdaq’s business relationships, operating results, and business generally.
Further information on these and other risks and uncertainties relating to Nasdaq can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of Nasdaq’s website at http://ir.nasdaq.com/investor-relations. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.
Nasdaq uzavřel s Národní bankou Gruzie partnerství na modernizaci treasury infrastruktury. Platformu Nasdaq Calypso přijmou Bank of Georgia, TBC Bank, Liberty Bank, Terabank a Basisbank.
Shared Platform Backed by The National Bank of Georgia Will Deliver Trusted Global Infrastructure to Support Growth of the Banking Sector July 20, 2026 03:00 ET | Source: Nasdaq, Inc.
TBILISI, Georgia and NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced a landmark partnership with the National Bank of Georgia (NBG) to modernize the treasury and financial markets infrastructure across Georgia's banking sector. Five of the country's largest commercial banks — Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank — will adopt the Nasdaq Calypso platform under a shared, common infrastructure model spanning the full front-to-back trade lifecycle. The initiative, operating under the Georgian Market Advancement Program (GMAP) and coordinated in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA), represents a significant milestone in the development of Georgia's capital markets.
Natia Turnava, Governor of the National Bank of Georgia, said: “Modernising Georgia's treasury infrastructure is a strategic priority for the National Bank of Georgia and a critical step in the continued development of our financial system. By bringing the country's five largest commercial banks onto a common, internationally recognized platform, we are raising the standard of risk management, regulatory oversight, and operational resilience across the sector. This initiative reflects our commitment to building a financial market that is robust, transparent, aligned with international best practice, and equipped to support Georgia's continued economic growth.”
Why Georgia's Banks Need a New Treasury Infrastructure Model
Georgia's commercial banking sector has experienced double-digit growth over the past five years, with total assets approaching USD 38 billion - reflecting the depth and dynamism of the country's financial system. As the sector has grown, so too has demand for more sophisticated treasury infrastructure capable of supporting complex securities and derivatives markets, enterprise-grade risk management, and increasingly rigorous regulatory standards. At the same time, the investment required to deploy and maintain such infrastructure at the individual institutional level represents a significant undertaking for any single bank. A shared, coordinated approach - pooling resources and expertise across the sector - provides the most efficient path to achieving that ambition at scale.
Magnus Haglind, Head of Capital Markets Technology at Nasdaq, said: “Georgia presents a compelling example of how the shared infrastructure model can unlock real value for individual institutions and the financial system as a whole. By drawing on Nasdaq’s experience navigating modernization programs at scale, firms gain access to deep institutional knowledge and the ability to evolve without bearing the full cost, risk, or operational complexity of doing it alone. GMAP reflects exactly the kind of structured, country-level framework that enables this type of transformation to succeed. We welcome the opportunity to support the National Bank of Georgia in this initiative, and to help Georgia's banking sector build the infrastructure it needs for its next phase of growth.”
How Nasdaq Calypso Solves the Shared Infrastructure Challenge for Georgian Banks
The Nasdaq Calypso platform will be deployed as a shared infrastructure model, installed at a centralized location with each of the five participating banks represented as a separate entity within the same instance, with their data fully segregated. Each institution will benefit from a configuration adapted to its individual business requirements, risk profile, and operational context, while operating within a common framework that enables standardized reporting and workflows, shared market data, and collective governance, oversight, and audit capabilities.
The platform will span the complete trade lifecycle from front-office deal capture and pricing, through middle-office risk management and compliance, to back-office settlement, accounting, and financial reporting. This end-to-end architecture eliminates the need for multiple point solutions, reduces reconciliation overhead, and delivers a single source of truth for treasury operations across the sector.
Standardization also delivers systemic benefits beyond any single institution. With harmonized data and reporting across all five banks, the National Bank of Georgia gains materially enhanced visibility into treasury exposures, liquidity positions, and systemic risk, supporting more effective macroprudential supervision. Consistent audit trails and common reporting frameworks reduce the burden on both banks and regulators and provide a robust foundation for Georgia's continued integration with international financial standards, including ISO 20022, the global messaging standard for financial data exchange.
Lasha Jugeli, Executive Secretary of the Georgian Financial Markets Treasuries' Association, said: “The Georgian Market Advancement Program (GMAP) is the result of years of deliberate coordination across Georgia's banking sector, and it marks a pivotal moment for our Association and the institutions we represent. By aligning on a shared infrastructure backed by Nasdaq's global expertise and the National Bank of Georgia's institutional support, and project management funding provided by Japan through the Japan–EBRD Cooperation Fund, our member banks are not only modernising their own operations — they are collectively raising the standard for treasury management across the sector. We are proud to have played a central role in bringing this initiative to fruition, and we look forward to the tangible benefits it will deliver for our members and for Georgia's financial markets as a whole.”
The five participating banks collectively represent the majority of Georgia's commercial banking sector assets, and their adoption of a common, internationally recognised platform marks a defining step in Georgia's emergence as a modern, well-governed financial market.
Notes to Editors
The project management component of the 'Implementation of the Treasury Management Solution for Georgian Commercial Banks' project has been financed by Japan through the Japan–EBRD Cooperation Fund.
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About The National Bank of Georgia
The National Bank of Georgia (NBG) is the central bank of Georgia. Its status is defined by the Constitution of Georgia. The main objective of the National Bank is to ensure price stability. Georgia's first central bank was established in 1919. In its current form the National Bank of Georgia has existed since 1991. According to the Constitution of Georgia, the National Bank is independent in its activities. Beyond this mandate, the NBG operates as Georgia’s integrated financial supervisor - a single megaregulator that oversees nearly the entire financial sector rather than functioning as an ordinary bank. Its remit spans the regulation and oversight of commercial banks, microbanks, microfinance organizations, payment service providers, virtual asset service providers, and other market participants, together with responsibility for the secure and efficient operation of payment and settlement systems and for advancing transparency, consumer protection, and financial literacy. The NBG also safeguards financial stability and manages the country’s international reserves, a key anchor of macroeconomic stability. For additional information, visit https://nbg.gov.ge/en.
About Georgian Financial Markets Treasuries Association
Georgian Financial Markets Treasuries Association GFMTA was established on November 21, 2018 by the National Bank of Georgia (NBG), various commercial banks and microfinance organizations. Today, the Association is the largest professional organization that cares about the development of financial markets in Georgia and unites 16 entities operating in different segments of the financial markets of Georgia, including 11 commercial banks, 2 microfinance organizations, the Pension Agency of Georgia, the National Bank of Georgia, and a corporation.
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq Calypso and Nasdaq’s technology partnership with The National Bank of Georgia and the country’s banking sector. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
