• Nasdaq Private Market Awarded U.S. Patent for Private Company Securities Clearing and Settlement Platform, Establishing Industry-First Infrastructure Standard

    Establishes Standardized Infrastructure for Private Company Share Transfers, Reducing Settlement Times and Unlocking Liquidity for More Companies

  • Takeaways from Tectonic

    Market Overview Central banks pause while the war carries on. It was a choppy week for markets. They started out strong in spite of the Iran war, but then gave back gains on Wednesday and Thursday as the Fed held rates steady and oil prices resumed their climb owing to attacks on energy infrastructure as a…

  • Nasdaq Private Market Announces First-Ever Employee Tender  

    Program Provides Liquidity for Employees While Reinforcing the Company’s Commitment to Private Market Innovation New York, NY — March 18, 2026 — Nasdaq Private Market (“NPM”) today announced the close of its first tender offer for employees since the company spun out of Nasdaq in 2021. The program provided eligible employees with the opportunity to…

  • Key Takeaways from the Montgomery Summit

    Market Overview Markets were slightly weaker this week with both the S&P 500/Nasdaq 100 down roughly 1%. To us, tepid performance appeared to be due to a grab bag of (1) uncertainty over a new war with Iran and higher oil prices; (2) slightly weaker than expected US payrolls and (3) rising US treasury yields, with…

  • New Defense Tech Gets Tested

    Market Overview Geopolitics drives volatility. It has been a volatile week in the markets, driven primarily by Operation Epic Fury in the Middle East, though Friday’s weak jobs report (92,000 loss) led each of the S&P and Nasdaq to finish the week down ~1%. Bigger movers were oil prices, where Brent crude topped $90/bbl, up…

  • Where Is China Winning?

    Market Overview A muted week for markets. Markets entered a shortened holiday week with little significant momentum despite some major macro activity, including a US military buildup in the Middle East. They rallied slightly on Friday morning after the Supreme Court overturned President Trump’s tariffs but were basically flat on the week. Year-to-date, the S&P/Nasdaq…

  • The Rubber Meets the Road

    Market Overview Markets were slightly weaker this week with both the S&P 500/Nasdaq 100 down roughly 1%/2%. Technology names slightly underperformed on jitters around the cannibalization of existing revenue streams by AI YTD. The CBOE Volatility Index (the “fear index”) has increased to ~21 from ~15, a level that is not yet alarming but is…

  • NPM Modernizes Private Market Transfer & Settlement with AI-Powered Workflows

    NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) — Nasdaq Private Market, a leading provider of liquidity, capital and investment solutions for private companies, employee shareholders and investors, today announced significant enhancements to its Transfer & Settlement business. The firm introduced AI-powered trade ingestion, automated agreement generation, and workflow management tools designed to dramatically simplify and…

  • AI’s Challenge to Software

    A challenging week for the markets. The S&P/Nasdaq were down 2%/4% as of Thursday’s close as concerns around software’s vulnerability to AI and continued high AI-related capex at Google and Amazon weighed on the broader market. Software stocks weren’t the only ones who had a difficult week. Bitcoin slumped to below $65,000 (a level not…

  • Defense Front and Center

    Market Overview It was a volatile week in public markets. They began the week in the red due to Trump’s tariff threats on several NATO allies over Greenland, with both the S&P 500 and Nasdaq down roughly 2% midweek. Indices rallied on Thursday as Trump called off the Greenland tariffs and ruled out military action,…