The business of being a stock exchange has been a moving target to various degrees. With dark pools and renegade entrants eroding the business “moat,” the once dominate exchanges have been looking to diversify revenue models. Rather than just rely on exchange transaction fees, exchanges have been licensing their technology, selling compliance and risk management services as well as leveraging data sales to boost revenues. Into this landscape walks Nasdaq, which announced Monday that is was acquiring eVestment, a data analytics provider to the asset management industry, for $705 million. Exchanges look beyond transaction-based revenue for growth to achieve higher…
NASDAQ Looks At Overlapping Integration, Growth In $705 Million Acquisition of eVestment
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.