Widthness LLC

Advanced Business and Technology – Intel® Xeon® and A.I. Powered

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

1 min read
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. […]

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.