Nasdaq and AWS expand partnership, offering Nasdaq Calypso as a fully managed service for financial institutions on AWS.
Quiver AI Summary
Nasdaq and Amazon Web Services (AWS) have expanded their strategic partnership to allow financial institutions to deploy Nasdaq Calypso, a capital markets and treasury management platform, as a fully managed service on AWS. This development aims to enhance the modernization of capital markets and treasury infrastructure, enabling clients to process workflows, manage risk, and meet regulatory requirements without maintaining the underlying infrastructure themselves. The move is designed to address the challenges faced by financial institutions in balancing the need for innovation with the demands of legacy systems. The collaboration promises benefits such as accelerated technology modernization, standardized implementation, improved operational efficiency, and advanced analytics capabilities, ultimately providing a more agile and resilient financial infrastructure for clients.
Potential Positives
- Expansion of the strategic partnership with AWS enhances Nasdaq Calypso by offering it as a fully managed service, allowing financial institutions to modernize their capital markets and treasury infrastructure effectively.
- The managed service model reduces the burden on financial institutions by eliminating infrastructure maintenance, enabling faster deployment and seamless upgrades, thus improving operational efficiency.
- Access to advanced technologies including AI-powered analytics and a unified environment for managing trading and risk workflows is expected to drive innovation and support regulatory compliance for clients.
- With Nasdaq's technology used by a significant majority of global systematically important banks and stock exchanges, this partnership further solidifies Nasdaq's position as a leader in financial technology solutions.
Potential Negatives
- Nasdaq's press release includes a cautionary note regarding forward-looking statements, emphasizing the inherent risks and uncertainties affecting their future performance, which may raise concerns among investors about the reliability of their projections.
- The dependency on AWS for managed services may expose Nasdaq to risks related to vendor lock-in, potentially limiting their operational flexibility and increasing costs if the partnership does not deliver the expected results.
- The focus on technological modernization and the urgent need to embrace innovation may suggest that Nasdaq's existing infrastructure is outdated or insufficient, signaling potential weaknesses in their current offerings and operations.
FAQ
What is Nasdaq Calypso offered on AWS?
Nasdaq Calypso is a capital markets and treasury management platform now available as a fully managed service on AWS.
How does the partnership between Nasdaq and AWS benefit financial institutions?
The partnership simplifies deployment, enhances operational efficiency, and ensures access to the latest technology and regulatory compliance.
What are the key advantages of using Nasdaq Calypso as a managed service?
Clients benefit from faster deployment, regular updates, enhanced risk management, and advanced AI analytics capabilities.
Who can use Nasdaq's technology powered by AWS?
Nasdaq's technology is utilized by major global financial institutions, including G-SIBs and stock exchanges, enhancing industry-wide modernization.
What challenges do financial institutions face that Nasdaq and AWS address?
Institutions face the need for rapid innovation while managing complex legacy infrastructure, which the partnership aims to simplify.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 05/12.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- BRADLEY J PETERSON (EVP, CIO) has made 0 purchases and 2 sales selling 13,816 shares for an estimated $1,197,362.
- MICHELLE LYNN DALY (SVP, Controller & PAO) sold 8,691 shares for an estimated $812,173
- JEREMY SKULE (EVP, CSO) has made 0 purchases and 5 sales selling 8,421 shares for an estimated $758,471.
- PC NELSON GRIGGS (Pres. Capital Access Platforms) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $664,240.
- CHARLENE T BEGLEY sold 3,000 shares for an estimated $289,800
- BRYAN EVERARD SMITH (EVP, CPO) has made 0 purchases and 3 sales selling 3,789 shares for an estimated $284,257.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NDAQ Hedge Fund Activity
We have seen 569 institutional investors add shares of $NDAQ stock to their portfolio, and 430 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- THOMA BRAVO, L.P. removed 42,804,207 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,827,552,189
- WELLINGTON MANAGEMENT GROUP LLP added 8,507,606 shares (+26.0%) to their portfolio in Q2 2025, for an estimated $760,750,128
- JANE STREET GROUP, LLC added 7,187,313 shares (+40335.1%) to their portfolio in Q2 2025, for an estimated $642,689,528
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 6,840,735 shares (+33.5%) to their portfolio in Q2 2025, for an estimated $611,698,523
- CAPITAL WORLD INVESTORS removed 6,628,258 shares (-97.8%) from their portfolio in Q2 2025, for an estimated $592,698,830
- VANGUARD GROUP INC added 2,820,339 shares (+5.3%) to their portfolio in Q2 2025, for an estimated $252,194,713
- NEUBERGER BERMAN GROUP LLC added 1,946,479 shares (+261.7%) to their portfolio in Q2 2025, for an estimated $174,054,152
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 10 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 07/25/2025
- Barclays issued a "Overweight" rating on 07/25/2025
- Deutsche Bank issued a "Buy" rating on 07/25/2025
- UBS issued a "Buy" rating on 07/25/2025
- Keefe, Bruyette & Woods issued a "Outperform" rating on 07/25/2025
- Piper Sandler issued a "Overweight" rating on 07/15/2025
- Raymond James issued a "Outperform" rating on 07/09/2025
To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.
$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 12 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $104.0.
Here are some recent targets:
- Richard Repetto from Piper Sandler set a target price of $104.0 on 08/04/2025
- Ashish Sabadra from RBC Capital set a target price of $108.0 on 07/25/2025
- Benjamin Budish from Barclays set a target price of $109.0 on 07/25/2025
- Brian Bedell from Deutsche Bank set a target price of $105.0 on 07/25/2025
- Alex Kramm from UBS set a target price of $115.0 on 07/25/2025
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $104.0 on 07/25/2025
- Michael Cyprys from Morgan Stanley set a target price of $86.0 on 07/15/2025
Full Release
NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Nasdaq and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, today announced an expansion of their strategic technology partnership by giving financial institutions the option of deploying Nasdaq Calypso on AWS. It will be offered as a fully managed service powered by AWS, with the underlying technology managed by Nasdaq, as the companies seek to modernize the next generation of capital markets and treasury infrastructure.
Nasdaq Calypso is a capital markets and treasury management platform that allows financial institutions to process front-to-back-office workflows, manage risk, and meet their regulatory obligations. Delivered as a managed service, it eliminates the need for institutions to maintain the platform’s underlying infrastructure, which allows faster deployment and offers more seamless upgrades. This ensures clients consistently operate on the most advanced version, benefit from the resilience and security of proven mission-critical technology and rapidly connect to innovative new capabilities developed by Nasdaq and AWS.
“Market participants face an urgent need to embrace innovation, regulatory change and industry-wide connectivity at scale but are increasingly constrained by complex and fragmented legacy architecture,” said Magnus Haglind, Head of Capital Markets Technology at Nasdaq. “This is a strategic inflection point for infrastructure across the capital markets ecosystem. As cloud and managed services increasingly become the preferred model for mission-critical platforms, our expanded collaboration with AWS positions Nasdaq to lead this industry-wide transformation.”
“Today, financial institutions are faced with a technological paradox – needing to innovate their technology stack rapidly while maintaining legacy infrastructure to support mission-critical operations,” said John Kain, Director of Financial Services Market Development at AWS. “Our expanded collaboration enhances Nasdaq Calypso’s solution with high-performing, scalable and secure infrastructure. This is another perfect example of how Nasdaq is leveraging AWS to deliver more agile, resilient financial infrastructure that’s more future-ready for the industry.”
This move marks another significant milestone in Nasdaq and AWS’s partnership across Nasdaq’s suite of capital markets and regulatory technology platforms. With accelerating adoption of managed services platforms, mission-critical solutions can be brought closer together in a single environment to create a more agile platform for joint modernization. The approach also reduces friction for real-time data flows between systems, simplifies data architecture and empowers advanced AI analytics to enhance operational efficiency and unlock new growth opportunities.
Benefits of Nasdaq’s managed services delivery model
A convergence of ongoing market reforms, evolving regulatory requirements, and geopolitical factors impose significant new demands on capital markets and treasury management infrastructure. Many financial services institutions are seeking to consolidate their underlying architecture, and shift to managed services solutions, to benefit from modern technology and regularly enhanced capabilities. The deployment model for Nasdaq Calypso, powered by AWS, offers a unified environment for managing trading, risk, margin, collateral workflows and data analytics. Institutions will benefit from:
- Accelerated technology modernization, including Nasdaq and AWS’s joint commitment to innovation with access to enhanced capabilities across digital assets and AI, as well as AWS elastic data grid for faster and optimized risk calculations
- Standardized implementation and regular updates to meet evolving regulations and the flexibility to comply with new mandates as business expansion triggers new requirements
- Enhanced operational efficiency across the platform, including a simplified testing environment and the flexibility to tailor the platform to meet bespoke integration and data flows
- Access to Nasdaq's comprehensive intelligence and data management capabilities that enable AI-powered analytics to capitalize on the value of integrated data across the platform. This will be available to both new and existing cloud clients
Around the world, Nasdaq's technology is used by 97% of global systematically important banks (G-SIBs), half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com .
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 114 Availability Zones within 36 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in New Zealand, the Kingdom of Saudi Arabia, Taiwan, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
Nasdaq Contacts:
Andrew Hughes; +44 (0)7443 100896;
[email protected]
Camille Stafford; +1 (234) 934 9513;
[email protected]
AWS Contact:
Naomi Little; +1 (771) 233 2089; [email protected]
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will,” “enable,” and “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s Calypso offering and its partnership with AWS to deploy Nasdaq Calypso as a managed service offering. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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