Nasdaq says SaaS business now makes up 37% of revenues

The exchange operator’s Q3 earnings bring the Adenza and Verafin acquisitions center stage.

Nasdaq’s ongoing acquisition of Adenza and previous tech acquisitions such as anti-money laundering (AML) and anti-fraud platform Verafin took the spotlight during the exchange operator’s Q3 earnings call today.

Nasdaq benefitted from a slight pickup in IPOs and a 9% year-over-year growth across its Solutions business, which constitutes the revenues from its Capital Access Platforms, Anti-Financial Crime business, and Marketplace technology business. Across its Solutions business, revenues were

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