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Nasdaq (NDAQ) to Boost Market Technology With Digital Asset
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Nasdaq, Inc. (NDAQ - Free Report) teamed up with Digital Asset to incorporate the latter's Daml-driven applications into the Nasdaq Marketplace Services Platform.
Founded in 2014, NY-based Digital Asset builds the platform and developer tools and leverages the modern infrastructure providers to create the global economic network of interconnected businesses.
Daml, one of Digital Asset’s service offerings, is a multi-party application platform. It connects across business processes and data boundaries along with maintaining privacy, guaranteeing data integrity and compelling strict authorization.
With this partnership, the customers of both Nasdaq and Digital Asset will be benefited from the Daml-driven applications, which can be seamlessly combined with the Nasdaq Marketplace Services Platform. The combined effect of Daml and the Nasdaq Marketplace Services Platform will provide clients with numerous possibilities to manage Environmental, Social and Governance (ESG) certificates, real estate, precious metals and other such assets.
The Marketplace Services Platform, an end-to-end SaaS platform, was introduced by Nasdaq in June 2020 in a bid to ease the exchange of assets, services and information across market ecosystems and provide Market Technology clients with a hassle-free access to a standard cloud-based infrastructure. Advantages of the Marketplace Services Platform include a one service-based platform, reduced operational complexity, proven security protocols and a future-forward infrastructure.
Nasdaq’s Market Technology segment focuses on developing new technology solutions to protect capital markets from the risks associated with market volatility. Hence, the new deal with Digital Asset will further improve the company’s business and boost its top line. Nasdaq estimates 8-11% revenue organic growth for the Market Technology business over the medium term.
Shares of this currently Zacks Rank #3 (Hold) stock have rallied 53.5% in the past year, outperforming the industry’s increase of 32.9%. Solid fundamentals should help the stock retain the momentum.
Cboe Global’s earnings surpassed estimates in three of the last four quarters, missed the mark in one, the average beat being 4.45%.
Intercorp Financial’s earnings surpassed estimates in each of the last four quarters, the average being 257%.
Earnings of OTC Markets surpassed estimates in each of the trailing four quarters, the average being 33.47%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Image: Bigstock
Nasdaq (NDAQ) to Boost Market Technology With Digital Asset
Nasdaq, Inc. (NDAQ - Free Report) teamed up with Digital Asset to incorporate the latter's Daml-driven applications into the Nasdaq Marketplace Services Platform.
Founded in 2014, NY-based Digital Asset builds the platform and developer tools and leverages the modern infrastructure providers to create the global economic network of interconnected businesses.
Daml, one of Digital Asset’s service offerings, is a multi-party application platform. It connects across business processes and data boundaries along with maintaining privacy, guaranteeing data integrity and compelling strict authorization.
With this partnership, the customers of both Nasdaq and Digital Asset will be benefited from the Daml-driven applications, which can be seamlessly combined with the Nasdaq Marketplace Services Platform. The combined effect of Daml and the Nasdaq Marketplace Services Platform will provide clients with numerous possibilities to manage Environmental, Social and Governance (ESG) certificates, real estate, precious metals and other such assets.
The Marketplace Services Platform, an end-to-end SaaS platform, was introduced by Nasdaq in June 2020 in a bid to ease the exchange of assets, services and information across market ecosystems and provide Market Technology clients with a hassle-free access to a standard cloud-based infrastructure. Advantages of the Marketplace Services Platform include a one service-based platform, reduced operational complexity, proven security protocols and a future-forward infrastructure.
Nasdaq’s Market Technology segment focuses on developing new technology solutions to protect capital markets from the risks associated with market volatility. Hence, the new deal with Digital Asset will further improve the company’s business and boost its top line. Nasdaq estimates 8-11% revenue organic growth for the Market Technology business over the medium term.
Shares of this currently Zacks Rank #3 (Hold) stock have rallied 53.5% in the past year, outperforming the industry’s increase of 32.9%. Solid fundamentals should help the stock retain the momentum.
Stocks to Consider
Some better-ranked stocks from the finance sector are Cboe Global Markets, Inc. (CBOE - Free Report) , Intercorp Financial Services Inc. (IFS - Free Report) and OTC Markets Group Inc. (OTCM - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cboe Global’s earnings surpassed estimates in three of the last four quarters, missed the mark in one, the average beat being 4.45%.
Intercorp Financial’s earnings surpassed estimates in each of the last four quarters, the average being 257%.
Earnings of OTC Markets surpassed estimates in each of the trailing four quarters, the average being 33.47%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>