Nasdaq Buys Solovis Expanding Capital Markets Analytics Offerings

Nasdaq, Inc., the operator of a key Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term in the United States, announced on Monday the acquisition of Solovis, a provider of multi-asset class portfolio management solutions, for an undisclosed sum.

With this, Nasdaq will offer Solovis’ solutions through Nasdaq’s eVestment group, broadening the financial market giant’s in the area with capabilities with portfolio analysis and monitoring for institutional investors and consultants.

Per the announcement, the deal was made given Nasdaq’s strategy to maximize opportunities as a technology and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term provider to capital markets, as well as its capital deployment and return on investment capital objectives.

Commenting on the acquisition, Lauren Dillard, executive vice president and head of Nasdaq’s global information services group, said: “Nasdaq’s mission is to provide transparency and data to the financial world, all through modern technology. The combination of eVestment and Solovis bolsters our capabilities to serve the investment community. Together, they create a global leader of proprietary content, insights and portfolio analytics.”

Business as usual

Headquartered in Texas, Solovis offers a cloud-based platform for multi-asset class portfolio management, reporting, and analytics.

The stock exchange operator also detailed that its platform has over 600 institutional clients, all of whom will be able to access Solovis’ solutions.

“We founded Solovis on the commitment to help asset allocators make better investment decisions through robust data and analytics,” Solovis co-founder and CEO Josh Smith added.

“Our mission aligns seamlessly with eVestment’s and makes us well-positioned to capture the opportunities inherent in the evolving global markets landscape. We are excited to join the Nasdaq family through this acquisition.”

Though the terms of the deal were not disclosed in public, the entire team of Solovis, including its co-founders will continue to operate from their base in Dallas, Charlottesville, and San Francisco.