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The Nasdaq Stock Market LLC

The Nasdaq Stock Market LLC

Stock exchange

Appears in 9 stories · Last updated Nov 8, 2026

Stories

Nasdaq acquires LeveL Markets, adding a top U.S. off-exchange trading venue

Money Moves

Owner of LeveL Markets; guiding to $7m–$8m in fourth-quarter LeveL revenue

Nasdaq closed its purchase of LeveL Markets on Oct. 15, 2026, putting the third-largest U.S. alternative trading system inside an exchange company. Nasdaq first agreed to buy the venue on Aug. 11.

Updated 3 days ago

Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts

Money Moves

Operates the Nasdaq 100 and Nasdaq Composite indexes at the center of the selloff.

Technology stocks steadied on Friday, a day after the Nasdaq 100's 6.4% plunge. The Nasdaq Composite rose 1.09% to 24,579.42, the S&P 500 added 0.31% and the Dow Jones Industrial Average slipped 0.46%.

Updated 3 days ago

US exchanges rewrite Level 3 halt rule to keep 4 a.m. restart

Rule Changes

Amended Rule 4121 to preserve the 4:00 a.m. resumption

Seventeen US stock exchanges have filed rule changes to keep a 4:00 a.m. Eastern restart after a 20% market decline. The latest was Investors Exchange, which filed with the Securities and Exchange Commission on November 4.

Updated 4 days ago

Comcast completes the Versant spinoff: CNBC, MS NOW and USA get a new public home

Money Moves

Hosting when-issued and regular-way trading for Versant Class A

The divorce is final. Comcast completed the pro rata distribution of Versant Media Group shares on January 2, 2026; on January 5, the new company began regular-way trading on Nasdaq under ticker VSNT.

Updated Oct 26

Nasdaq invests $100M in Kraken parent Payward to build tokenized stock trading

Money Moves

As of September 2026: Investor and infrastructure partner

Nasdaq's venture arm committed $100 million to Payward, parent of the Kraken exchange, backing a framework called Nasdaq Equity Tokens that would put publicly listed stocks on round-the-clock blockchain rails. The investment, reported by Bloomberg at a $21 billion valuation, deepens a partnership first announced in March and adds a market surveillance agreement across Payward's venues.

Updated Sep 11

SpaceX prices the largest IPO in history

Money Moves

As of August 2026: SPCX trading since June 12; options active since June 16; SPCX joined Nasdaq-100 effective July 7 as first company under new fast-track mega-cap IPO rule

SpaceX's first lockup wave freed 911.5 million insider shares on August 6, more than doubling the stock's tradable float to 11.8% of shares outstanding from 4.9%. SPCX touched a new intraday low of $105.11, below the July 28 record of $107.01. Heavy selling never showed up: shares reversed and traded higher for much of the day, at one point up as much as 6%.

Updated Aug 6

SK Hynix debuts on Nasdaq in largest US listing by a foreign company

Money Moves

As of July 2026: Host of the listing

SK Hynix rang the Nasdaq opening bell on July 10 and raised about $26.5 billion. No foreign company has ever raised more in a US share sale.

Updated Jul 10

Options market fee wars

Rule Changes

As of May 2026: Operating six options platforms with divergent fee strategies

Options exchanges are locked in a chaotic race to recalibrate fees as their regulatory costs collide with record trading volumes. Cboe doubled its Options Regulatory Fee to $0.0002 per contract on January 2, 2026, while NYSE slashed its fee from $0.0038 to $0.0026. The whipsaw reflects a deeper crisis: exchanges collect fees based on all customer options trades cleared industrywide, not just trades on their own platforms, creating unpredictable revenue swings.

Updated May 19

Medline’s $6.26B Nasdaq debut turns a PE-era debt story into a public market test

Money Moves

As of May 2026: Listed Medline on the Nasdaq Global Select Market as MDLN

Medline's Nasdaq arrival as MDLN quickly turned from “biggest IPO of 2025” into a live market verdict. Shares jumped roughly 41% in their first session, pushing the company into a roughly $50B+ valuation almost immediately.

Updated May 15