Nasdaq (NDAQ) is set to arrange its business units into three divisions, Market Platforms, Capital Access Platforms, and Anti-Financial Crime, as part of a strategic move to ramp up growth.
It said Market Platforms, Capital Access Platforms and Anti-Financial Crime will be the new units that will focus on digital assets, carbon markets, providing investment intelligence apart from U.S. equities. The New York-based stock exchange, which competes with CBOE Global Markets, NYSE and its parent Intercontinental Exchange Inc and BATS Global Markets, said the fourth quarter and full year 2022 results will reflect the changes. Nasdaq's efforts to streamline its operations come after the sector, which largely catered to stocks and derivatives, underwent an upgrade as cryptocurrencies gained popularity.
(Bloomberg) -- Nasdaq Inc. is asking for more specifics relating to share allocations for initial public offerings by small-cap firms as it boosts scrutiny in a corner of the market that’s seen a number of huge price swings. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: