This Week: Nasdaq, NSCC, State Street, OpenFin/Broadridge, and more
A summary of some of the past week’s financial technology news.
Nasdaq, banks join forces to establish a trading venue for private assets
Nasdaq, SVB Financial Group, Citi, Goldman Sachs, and Morgan Stanley have announced a joint venture to establish an institutional-grade, centralized secondary trading venue for issuers, brokers, shareholders, and prospective investors of private company stock.
Nasdaq Private Market, the exchange’s marketplace for private company shares, will be spun out as an independent company, which will receive strategic investments
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