Nasdaq targets 23/ 5 trading launch while Nasdaq stock costs EUR 94.90

Nasdaq (ISIN US6311031081) is on track to support the launch of 23/5 trading on December 6, 2026, adding a concrete date to its push toward always-on market infrastructure. The company disclosed the timetable in its October 22, 2026, third-quarter update, which also showed USD 1.5 billion in quarterly net revenue, up 13.00 percent on a reported basis, according to Nasdaq.

Trading infrastructure gets a date

The planned 23/5 schedule is the clearest operating milestone in Nasdaq's latest market-services update. The company said its Market Services team was on track to support the December 6 launch, while third-quarter Market Services net revenue reached USD 309 million, a record for the division, according to Nasdaq.

What supports the expansion?

Nasdaq's broader results provide the financial context for the infrastructure investment. Solutions revenue increased to USD 1.2 billion in the third quarter of 2026, while annualized recurring revenue rose 12.00 percent to USD 3.4 billion from the third quarter of 2025. Non-GAAP diluted earnings per share rose 18.00 percent on a reported basis to USD 1.04, and the company raised its 2026 non-GAAP operating expense guidance to USD 2.550 billion to USD 2.580 billion, as reported by Nasdaq.

Stock price and next milestone

For investors, December 6 is the next operational milestone stated in the update. Nasdaq also said it completed the acquisition of LeveL Markets, described as the third-largest alternative trading system by trading volume, as part of its always-on markets strategy.

Nasdaq stock was trading at EUR 94.90 at Lang & Schwarz on October 29, 2026, at 11:50 a.m. Berlin time. The further course of trading is shown by the continuously updated real-time quote of Nasdaq stock.

Market context: Market report S&P 500.

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