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    NDAQ   US6311031081

NASDAQ, INC.

(NDAQ)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-03 pm EST
60.55 USD   -0.03%
02/03Nasdaq to Present at the Credit Suisse 24th Annual Financial Services Forum
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02/02Nasdaq January 2023 Volumes
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01/31Nasdaq Named to 2023 Bloomberg Gender-Equality Index
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Swedish court cuts Nasdaq Clearing fine to $23.7 mln

11/30/2022 | 06:36am EST

STOCKHOLM, Nov 30 (Reuters) - A Swedish court on Wednesday reduced a fine imposed on Nasdaq Clearing by the country's financial watchdog in 2021 for deficiencies uncovered following the default in 2018 of a Norwegian power market trader.

The Stockholm Administrative Court of Appeal said in a statement it had cut the fine to 250 million Swedish crowns ($23.7 million) from 300 million after Nasdaq Clearing appealed the Financial Supervisory Authority's decision.

Clearing houses like Nasdaq's are vital for the stability of markets, acting as an intermediary in stock, bond or derivatives transactions and ensuring completion if one side goes bust.

The private trader's default in 2018 following big fluctuations in power market spreads forced other members of the clearing house to pay 107 million euros ($110.8 million) to restore contingency funds.

The FSA had warned and fined Nasdaq Clearing for insufficient follow-up of memberships, miscalculations of trading margins and over its risk management.

The appeals court said that while Nasdaq Clearing had violated guidelines, the size of the original fine was disproportionate. ($1 = 10.5423 Swedish crowns) ($1 = 0.9660 euros) (Reporting by Anna Ringstrom, editing by Terje Solsvik and Jane Merriman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMPOSITE -1.59% 12006.95 Real-time Quote.14.72%
NASDAQ, INC. -0.03% 60.55 Delayed Quote.-1.30%
All news about NASDAQ, INC.
02/03Nasdaq to Present at the Credit Suisse 24th Annual Financial Services Forum
AQ
02/02Nasdaq January 2023 Volumes
AQ
01/31Nasdaq Named to 2023 Bloomberg Gender-Equality Index
AQ
01/30Credit Suisse Lowers Nasdaq's PT to $57 From $59, Keeps Neutral Rating; Says Macroecono..
MT
01/27UBS Adjusts Nasdaq Price Target to $62 From $65, Maintains Neutral Rating
MT
01/26Rosenblatt Securities Adjusts Nasdaq's Price Target to $82 From $84, Maintains Buy Rati..
MT
01/26Morningstar Upgrades Nasdaq to Hold From Sell, $57 Price Target
MT
01/26JPMorgan Adjusts Nasdaq's Price Target to $67 From $70, Maintains Overweight Rating
MT
01/26Autonomous Research Adjusts Nasdaq's Price Target to $61 From $63, Maintains Neutral Ra..
MT
01/26Morgan Stanley Adjusts Nasdaq'sPrice Target to $70 From $73, Maintains Overweight Ratin..
MT
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Analyst Recommendations on NASDAQ, INC.
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Financials (USD)
Sales 2022 3 582 M - -
Net income 2022 1 174 M - -
Net Debt 2022 5 218 M - -
P/E ratio 2022 25,8x
Yield 2022 1,29%
Capitalization 29 747 M 29 747 M -
EV / Sales 2022 9,76x
EV / Sales 2023 9,14x
Nbr of Employees 6 300
Free-Float 66,5%
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Technical analysis trends NASDAQ, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 60,55 $
Average target price 63,13 $
Spread / Average Target 4,27%
EPS Revisions
Managers and Directors
Adena T. Friedman Chairman, President, Chief Executive Officer & COO
Ann M. Dennison Chief Financial Officer & Executive Vice President
Bradley J. Peterson EVP, Chief Information & Technology Officer
Louis Modano Chief Information Security Officer & Senior VP
Michael R. Splinter Lead Independent Director
Sector and Competitors