Nasdaq
#422
Rank
$53.42B
Marketcap
United States
Country
A. Michael Smith (Chief Audit Executive)
Alfred W. Zollar (Executive Partner)
Summary
Nasdaq is a global provider of trading, clearing, exchange technology, listing, information, and public company services.Nasdaq provides the infrastructure, tools, and strategic insights tailored for the capital-market opportunities of today and the expectations of tomorrow.
History
1971: The National Association of Securities Dealers founded the NASDAQ in 1971 in New York City.
1989: 1989 First exchange to support Silicon Valley Innovators
1991: 1991 First to sell its technology to power other exchanges By 1991, the NASDAQ’s share of securities market transactions was 46% and continued to rise to unprecedented amounts as the internet, and adjacent technologies rose in prominence.
1993: 1993 First US depth-of-book transparency with NQDS (Level 2 data)
1995: 1995 First to sell market technology to Asia and Hong Kong
1996: 1996 First to launch a financial website – www.NASDAQ.com
1997: 1997 First to offer its listed companies a 24/7 intelligence website – NASDAQ Online
1998: In 1998 the NASDAQ became the first exchange to offer online trading.
2000: The NASDAQ Composite peaked in March 2000 and then fell nearly 40% between March and April.
2001: 2001 First US exchange to meet ISO 9001 standards
2002: The project was not successful and was cancelled on October 14, 2002. 2002 First to offer a Market Intelligence Desk for listings
2003: 2003 First to own business solutions for listings
2004: 2004 First to offer dual listing
2005: In December 2005, OMX started First North, an alternative exchange for smaller companies, in Denmark. In December 2005, the London Stock Exchange Group (LSE) rejected a £1.6 billion takeover offer from Macquarie Bank. 2005 First to create the world’s highest initial listing standards – NASDAQ Global Select Market
2006: The company took a 10% stake in Oslo Børs Holding ASA, the owner of the Oslo Stock Exchange in October 2006.
2008: In a complex transaction, Borse Dubai acquired 97.2% of OMX's outstanding shares before selling them on to NASDAQ. The newly merged company was renamed the NASDAQ OMX Group upon completion of the deal on February 27, 2008.
2010: 2010 First US equity trading platform with a price-size priority model, which rewards size and liquidity - PSX
2011: 2011 First multi-asset risk management clearing platform in Europe
2012: On December 12, 2012, NASDAQ OMX announced that it would acquire Thomson Reuters' investor relations, public relations and multimedia businesses for $390 million in cash. 2012 First to offer a financial services-specific solution for data and infrastructure management in the cloud
2013: NASDAQ OMX completed the purchase on June 3, 2013. 2013 First technology provider to offer cloud-based storage for regulatory records retention
2016: As of September 2016, Nasdaq is not a major shareholder in the Oslo Stock Exchange holding company, which following a merger is currently called Oslo Børs VPS Holding ASA. Nasdaq has, however, publicly stated its interest in eventually acquiring the Oslo Stock Exchange.
2017: In April 2017, Nasdaq launched Nasdaq Ventures, a venture investment program focused on companies that will help Nasdaq grow its product lines and open new market segments.
2018: During Christmas of 2018, shareholders representing 25% of Oslo Børs VPS Holding (the Norwegian Stock Exchange and national CSD operator) held a private auction of share sale.
2019: Euronext by that time had acquired or secured control of 50.5% shares, and Nasdaq had announced on May 25, 2019 that they were pulling out of the Oslo Børs battle, handing Euronext the victory.
Mission
Nasdaq provides forward-thinking services and technology that have the power to drive capital formation, transform business and fuel economic growth around the world.
Key Team
Alfred W. Zollar (Executive Partner)
Lars R. Wedenborn (Board Member)
John Markese (Board Member)
John D. Rainey Jr (Executive Vice President and Chief Financial Officer of Global Customer Operations)
Jacob Wallenberg (Chairman)
Essa Mulla (Board Member)
Edward S. Knight (Executive VP & General Counsel)
Charlene T. Begley (Retired Senior Vice President and Chief Information Officer)
Bruce Aust (Board Member)
Amy Altman (VP Engineering & CTO Nasdaq Governance Solution)
Adena T. Friedman (President and Chief Executive Officer)
Bryan E. Smith (Executive Vice President and Chief People Officer)
Bruce Aust (Board Member)
Brian Buckley (Chief Marketing Officer)
Bradley J. Peterson (EVP and CIO/CTO)
Bjørn Sibbern (Executive Vice President)
Ann M. Dennison (Executive Vice President, Chief Financial Officer)
References
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A. Michael Smith (Chief Audit Executive)
Alfred W. Zollar (Executive Partner)