BROWSE BY TOPIC
Stories of Interest
- Deutsche Bank ‘Beyond Repair’ as Trading Drops - Autonomous Research
- Guggenheim Partners CEO Might Step Down
- Wachovia Customer Sues Wells Fargo Over FundSource Losses - Bill Singer
- Credit Downgrade for Wells Fargo Due to Fake Account Scandal
- CFTC Commissioner Quintenz Named Sponsor of the Technology Advisory Committee
- Harbour and Geneos Customers Win FINRA Arbitration Against Stockbroker - Bill Singer
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- The World’s Biggest Wealth Fund Hits $1 Trillion
- At Jefferies, Like Wall Street, Trading Cedes to Banking
- Ex-SAC Trader Who Pleaded Guilty to Insider Trading Just Remembered He’s Innocent
- JPMorgan Turns to Amazon for Retail 'Customer Experience'
- Goldman Sachs Names Ken Hitchner as New Chairman for Asia Pacific
- Judge All but Tosses SEC Case Against ‘Rogue’ Trader And Ex-FBI Informant Guy Gentile
- 'Boys are #1 Among NFL's Most Valuable Teams
- Fake Tax Returns - Your Next Worry After the Equifax Breach
- FINRA DR Recruiting Arbitrators, Mediators at Congressional Black Caucus Conference
- JPMORGAN: Here's who we think will replace Warren Buffett at Berkshire Hathaway
- Mueller to Search Facebook for Russia-Linked Accounts
- Mark Gomes, Market Analyst and Trade Scalper Settles with SEC
- Equifax Waives Credit Lock Fees For Consumers, Amid Criticism
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.