Nasdaq Buys Quandl to ‘Dominate’ Alt Data Space
The acquisition will combine the resources that each has assembled separately, and allow them to reach new audiences for their alternative datasets.
US exchange operator Nasdaq has acquired Toronto-based alternative data marketplace Quandl for an undisclosed sum to “accelerate” its foray into provision of alternative data.
Nasdaq will integrate its own Analytics Hub of alternative datasets into Quandl, which provides a database of alternative data, financial, and public data from 350 sources.
Bjorn Sibbern, executive vice president and head of Nasdaq’s global information services says the exchange is happy with the progress of Analytics
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