Nasdaq to Acquire LeveL Markets, Bolstering 24-Hour Trading Push
NDAQ sits 26% above its 52-week low of $76.55.
Summary
Nasdaq has entered into a definitive agreement to acquire LeveL Markets, an ATS operator, to advance its always-on markets strategy. The deal supports the 23-hour trading model announced in May and follows a record first half for U.S. listings. Terms were not disclosed, but the acquisition adds a regulated venue and technology to Nasdaq's trading infrastructure. Nasdaq intends to invest in LeveL Markets' technology, client offering, and long-term growth while maintaining continuity of operations and execution quality for existing clients. This tactical move aims to capture demand from global traders and FCMs, 69% of whom plan to increase electronic trading, per a recent Nasdaq-linked study.
At the time of this announcement, NDAQ was trading at $96.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $53.4B. The 52-week trading range was $76.55 to $101.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.