Sept 28 (Reuters) – Nasdaq Inc (NDAQ.O) said on Wednesday it was reorganizing its business into three divisions to focus on major growth areas as competition among trading exchanges was intensifying.
It said Market Platforms, Capital Access Platforms and Anti-Financial Crime will be the new units that will focus on digital assets, carbon markets, providing investment intelligence apart from U.S. equities.
The New York-based stock exchange, which competes with CBOE Global Markets (CBOE.Z), NYSE and its parent Intercontinental Exchange Inc (ICE.N) and BATS Global Markets, said the fourth quarter and full year 2022 results will reflect the changes.
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Nasdaq’s efforts to streamline its operations come after the sector, which largely catered to stocks and derivatives, underwent an upgrade as cryptocurrencies gained popularity.
Last week, Nasdaq launched a digital assets business that…
