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Nasdaq is partnering with Aapryl to bring more advanced analytics to its eVestment platform, which institutional investors use to track and pick fund managers. Users who subscribe to both services can now use Aapryl’s tools to score and analyze the data Nasdaq already provides. This is a small but useful step in Nasdaq’s push to become a software-first company. By making its data more useful through these kinds of connections, Nasdaq makes its subscriptions harder for investment firms to cancel.
Source: PRNewsWire
Nasdaq is adding AI agents to its Calypso platform, which banks and investment firms use to manage the life cycle of their trades. These tools are designed to handle repetitive tasks like checking data and coordinating workflows between different departments, which helps financial firms scale their operations without adding more staff.
This launch is a step in Nasdaq's plan to move beyond being just a stock exchange and toward being a software provider. By making its software more essential for the daily work of treasury and capital markets teams, Nasdaq can keep its recurring revenue growing and make its products harder for banks to replace.
Source: GlobeNewsWire
HSBC has chosen Nasdaq's Calypso software to manage its exchange-traded derivatives clearing. Clearing is the critical process of making sure money and assets actually change hands after a trade is made. By moving this work to Nasdaq's platform, HSBC is replacing older systems with a single integrated tool to handle these complex transactions.
This is a win for Nasdaq because it proves the company can sell its high-end software to the world's largest banks. It also supports the shift from being a simple stock exchange to a software provider. These types of contracts usually create steady, recurring fees that are more predictable than the income Nasdaq earns from daily stock trading.
Source: GlobeNewsWire
Nasdaq Ventures has taken a stake in Transient, a company that builds tools to help banks manage the risks of using artificial intelligence. This fits into Nasdaq's broader push to become a software provider for the financial industry, specifically in areas like compliance and crime detection. While this is a small investment rather than a full acquisition, it gives Nasdaq a front-row seat to new technology that helps big banks use AI safely. If the technology proves useful, Nasdaq could eventually fold these capabilities into its own software products for its global banking customers.
Source: Business Wire
Nasdaq is partnering with Stablecore to integrate digital asset tracking into its Verafin anti-financial crime software. This allows banks to monitor for money laundering and fraud across both traditional currencies and crypto in a single system.
This move supports the company's shift into a financial technology provider. By making its software essential for tracking digital assets, Nasdaq is protecting its recurring revenue as more of the banking world experiments with blockchain technology.
Management has cleared its own profit targets for eight straight quarters. This pattern shows a team that sets conservative bars and consistently delivers on its shift toward predictable software income.
| Expectation | |
|---|---|
| EPS | $1.02 |
| Revenue | $1.47B |