NDAQ - Why Nasdaq Stock Surged Today
2024-07-25 14:22:52 ET
Shares of Nasdaq (NASDAQ: NDAQ) were up 6% as of 12:20 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence .
Powered by impressive second-quarter results on Thursday morning, the company continued to show that it is quickly becoming much more than the Nasdaq exchange and indexes that it is famous for.
Nasdaq spent $10.5 billion on the acquisition of risk management and regulatory software provider Adenza in 2023, reaffirming its ambitious intentions to help " police the financial markets ." Following this purchase, Nasdaq's financial technology segment blossomed into a powerhouse that fights fraud and money laundering for its banking customers while also providing the regulatory and capital markets technology they need.
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Why Nasdaq Stock Surged Today