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Nasdaq To Merge Two Businesses That Probably Shouldn’t Have Been Two Business To Begin With

Its dreamed-for high-frequency trading empire in ruins, Nasdaq is turning elsewhere.

The exchange plans to create a new software unit that combines its market technology and issuer-services businesses, putting chief information officer Anna Ewing in charge. Nasdaq things the new arrangement will earn it an extra $500 million a year in revenue.

Plus, you know, it just makes sense.

“We have two software businesses and they should be together and have a comprehensive, strategic rationale,” Nasdaq OMX Chief Executive Robert Greifeld said in an interview.

Nasdaq Seeks to Expand in Software [WSJ]

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79 Responses to “Nasdaq To Merge Two Businesses That Probably Shouldn’t Have Been Two Business To Begin With”

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  3. DingALing says:

    God damnit Shazar. "Nasdaq things" ? Really? How was it working at fucking Yahoo! news? Take a walk, clear your head, get some shake shack, and learn-to-fucking-type.

  4. Quikding says:

    NASDAQ, national association of securities dealers automated quotation
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