Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
Exchanges are no longer solely in the business of market listings and market data—a reality that’s become increasingly clear as tech-focused acquisitions by exchange groups are announced year after year. In the last few years alone, the London Stock Exchange Group acquired Refinitiv and Tora, Cboe made five tech vendors into a new business unit, and, most recently, Deustche Börse nabbed SimCorp for $4.3 billion.
Exchange giant Nasdaq is also charting its own tech-focused roadmap under CEO Adena
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