Trading

Nasdaq acquires SecondMarket, profit rises 12%

US exchange group's per-share earnings, excluding certain one-time items, and revenue beat expectations

Nasdaq acquires SecondMarket, profit rises 12%

Nasdaq said it has acquired SecondMarket Solutions, expanding the exchange operator’s offerings to facilitate trading in securities of privately held companies.

News of the acquisition came as the company also reported that its third-quarter earnings rose 12% with a boost from stronger trading volume. Per-share earnings, excluding certain one-time items, and revenue beat expectations.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump