Nasdaq buys Adenza, a Financial services Software company for $10.5 Billion 

Nasdaq announced that is acquiring Adenza, a financial services software company for $10.5 billion. 

The firm develops risk-management  and related regulatory for the financial services market. 

Speaking about the acquisition, Nasdaq chair and CEO Adena Friedman in a statement said: “This is an exceptional opportunity to acquire a leading software company that enhances Nasdaq’s position at the heart of the global financial system,” 

“The acquisition of Adenza brings together two world-class franchises steeped in market infrastructure, regulatory, and risk management expertise at a time when financial institutions are navigating some of the most complex market dynamics in history. From fast-evolving global regulations to rapidly increasing pressures to modernize infrastructure, our clients are seeking trusted partners equipped to support them in this challenging environment.” 

Nasdaq operates three stock exchanges in America and seven in Europe. The move gives the stock market a good standing position to beef up its technology and compete at the highest level. 

According to the news report, the deal is expected thin the next nine month. 

Nasdaq is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalisation of shares traded, behind the New York Stock Exchange.  

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