Nasdaq to Sell U.S. Fixed-Income Business to Tradeweb for $190M

Photo: Reuters / Shannon Stapleton. Article by Rob Lenihan. TheStreet – February 2, 2021.

Nasdaq  (NDAQ) – Get Report said Tuesday that it had agreed to sell its U.S. fixed-income business for $190 million cash to an affiliate of electronic marketplace operator Tradeweb Markets  (TW) – Get Report.

New York-based Nasdaq at last check was up 2% to $141.36, while Tradeweb rose 2.9% to $66.34.

The companies hope to close the deal this year. It’s subject to conditions including regulatory clearances. […]

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