Nasdaq Completes Sale of U.S. Mounted Income Enterprise to

NEW YORK, June 25, 2021 (World NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced right now that it done the sale of its U.S. fixed cash flow enterprise, Nasdaq Mounted Money (NFI), to Tradeweb Markets Inc. (Nasdaq: TW), a primary world-wide operator of digital marketplaces for prices, credit score, equities and revenue markets.

The sale was to begin with announced February 2, 2021.

The choice to promote NFI aligns with Nasdaq’s company system to focus its sources and cash to improve its possible as a main know-how and analytics company to the international cash marketplaces.

As formerly disclosed, on the closing of the sale of NFI, Nasdaq’s contingent obligation to situation Nasdaq shares to BGC Associates, L.P. or its assignees was lowered (pursuant to the discounting adjustment provisions set forth in the primary buy agreement for Nasdaq’s acquisition of the business) and accelerated. At the closing, Nasdaq issued about 6.2 million shares of Nasdaq to Newmark SPV I, LLC, an assignee of BGC Companions, L.P.

Nasdaq intends to use the proceeds from the sale of NFI, offered tax advantages and NFI operating and clearing capital, as properly as other resources of income, to repurchase shares in buy to offset for a longer time-expression dilution to non-GAAP earnings for each share. 

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CAUTIONARY Observe About Forward-Searching STATEMENTS

This conversation includes forward-on the lookout info related to Nasdaq and the sale of the Nasdaq Preset Profits company by Nasdaq to an affiliate of Tradeweb Markets and the associated share issuance, which transaction entails considerable pitfalls, uncertainties and assumptions that could cause true effects to vary materially from individuals expressed or implied by such statements. When applied in this communication, text this kind of as “will”, “enable”, “intends”, “expected” and identical expressions and any other statements that are not historical information are supposed to detect ahead-hunting statements. Ahead-on the lookout statements in this communication consist of, between other things, statements about the likely rewards of the transaction, such as statements relating to anticipations of future working outcomes and money performance, the economic problem and results of operations and small business of Nasdaq. Challenges and uncertainties involve, among other factors, pitfalls similar to the ability to know the expected benefits of the transaction, which include the probability that the envisioned added benefits from the transaction will not be recognized or will not be understood in the envisioned time interval disruption from the transaction creating it more difficult to maintain business enterprise and operational interactions pitfalls relevant to diverting management’s attention from Nasdaq’s ongoing enterprise operations the adverse outcomes of the announcement or the consummation of the transaction on the industry price tag of Nasdaq’s widespread stock or on Nasdaq’s operating final results major transaction fees mysterious liabilities the chance of litigation or regulatory actions similar to the transaction long term degrees of Nasdaq’s indebtedness, like further indebtedness that may be incurred in relationship with the transaction and the result of the announcement or pendency of the transaction on Nasdaq’s business relationships, functioning final results, and business frequently.

Even more details on these and other dangers and uncertainties relating to Nasdaq can be located in its experiences filed on Types 10-K, 10-Q and 8-K and in other filings Nasdaq will make with the SEC from time to time and offered at These paperwork are also out there beneath the Investor Relations part of Nasdaq’s web-site at The forward-hunting statements included in this conversation are built only as of the date hereof. Nasdaq disclaims any obligation to update these ahead-on the lookout statements, except as required by law.

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