Nasdaq’s Friedman hints at plans for Adenza post-acquisition

During Nasdaq’s earnings call, Adena Friedman explained to skeptical investors why the deal makes sense for the exchange operator.

When Nasdaq announced its plans to acquire Adenza last month, the price tag—$10.5 billion—made some industry observers’ eyes water. But for others, it was simply another example of an exchange looking to diversify its product offering—and revenue streams—beyond listings.

Adenza was formed in 2021 by private equity firm Thoma Bravo after bringing together AxiomSL, a back-office risk management and regulatory reporting provider, with Calypso Technology, a provider of front- and-middle office

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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