BROWSE BY TOPIC
Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Nasdaq Diversifies by Acquiring eVestment
Nasdaq Inc., which generates about 75% of its revenue from non-transaction related businesses, announced plans to buy investment analytics firm eVestment Alliance. eVestment, whose clients include Morgan Stanley, Google parent Alphabet and BlackRock, provides cloud-based services to help investors monitor market trends and make investment decisions.
The $705 million transaction is Nasdaq’s second acquisition since Adena Friedman took over as CEO in January. Earlier this summer, the exchange operator acquire Sybentix, which uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders to prevent market abuse.
Nasdaq’s push for diversification is a response to weak trading volumes and increased competition among exchange operators. It also reflects CEO Friedman’s penchant for innovative technologies. Apart from running stock exchanges, Nasdaq runs a large business that sells market technology to trading firms, exchanges and clearing houses around the world.