June 2025 Edition | Building a Resilient Financial System

In today’s fast-moving financial environment, resilience, trust, and partnership are more critical than ever. At Nasdaq, we’re proud to play a foundational role in supporting the integrity and stability of the global markets. This month’s edition of the Nasdaq Newsroom Monthly explores how Nasdaq and our partners across the financial system are shaping the future of resilient markets. 

From strengthening market infrastructure, embracing innovation, and empowering the next generation of investors and leaders, each story reflects our shared commitment to building a more resilient, accessible, and future-ready global financial system.  

 💡 Read the latest news from Nasdaq in June 2025 below including: 

• Market Resilience: How Nasdaq is protecting market integrity and responding to shifting dynamics 
• Evolving Markets: Current trends that are shaping the capital markets 
• Global Momentum: The Latest from Nasdaq around the world 
• Client & Partner Spotlights: Showcasing innovation across the financial system 

🗞️ Keep up with the latest news and insights from Nasdaq all month long on the Nasdaq Newsroom. 

Market Resilience: How Nasdaq is Protecting Market Integrity and Responding to Shifting Dynamics. 

🛡️ Navigating Volatility: Nasdaq’s Commitment to Market Integrity 

In an environment of heightened trading volumes and complexity, Nasdaq’s role in offering stability and guidance is more vital than ever. As an operator of mission-critical infrastructure, Nasdaq is continuing to invest in expanding market capacity, enhancing performance, and embracing innovative technologies that allow us to adapt quickly to changing conditions.  

Nasdaq’s President Tal Cohen and SVP, Chuck Mack spotlighted how Nasdaq is remaining committed to empowering investors, companies, and economies to engage in our markets with confidence—today and into the future.  

🎥 Don’t miss the insights from Nasdaq President Tal Cohen and SVP Chuck Mack—watch the full conversation here: 

🕒  Nasdaq’s View: The Latest on the Road to 24/5 Trading   

Nasdaq continues to advance plans to enable 24-hour trading, five days a week—known as “24/5” trading—on the Nasdaq Stock Market. This bold step aims to expand investor access, support global demand for U.S. equities, and redefine how markets operate.   

The move toward extended trading hours, including overnight, has the potential to unlock new liquidity, drive greater efficiency, and deliver seamless market data in real time. While the financial industry broadly supports this evolution, there are still several critical steps to be taken.  

From regulatory approvals and technical system readiness to surveillance monitoring and corporate actions, the road to 24/5 trading requires collaboration and innovation across industry participants.  

We are working diligently with our partners, regulators, and clearing organizations to ensure a smooth transition. Our commitment to safeguarding investor protection while delivering enhanced access continues to be at the forefront of our efforts.  

We’ve outlined some of the most pressing considerations and next steps around the industry by its participants that will need to be addressed before a 24/5 stock market can become a reality. 

👉 5 things you should know about the road to 24/5 trading.  

📈  Record-Breaking Reconstitution

The Nasdaq Closing Cross, a cornerstone of market close operations, continues to deliver unmatched transparency and precision. As U.S. equity markets experience unprecedented volumes, Nasdaq’s investments in market modernization—highlighted by the launch of its fourth-generation platform, Eqlipse—ensure resilience and performance at scale.   

On June 27, 2025, Nasdaq achieved a historic milestone during the annual Russell US Indexes Reconstitution, executing a record $102.455 billion in notional value across 2.5 billion shares in just 0.871 seconds via the Nasdaq Closing Cross. This marks the largest liquidity event in Nasdaq’s history for the Russell Reconstitution, surpassing last year’s record of $95.257 billion.    

🤝 Nasdaq and FTSE Russell celebrated the 22nd year of collaboration on the reconstitution, reinforcing their shared commitment to market integrity and efficiency. The newly reconstituted Russell Indexes took effect on Monday, June 30.   

  🔗 Read more about this historic milestone. 

💫 Relive the highlights from the celebration: 

Evolving Markets: Current trends that are Shaping the Capital Markets.

📊 Nasdaq Survey Reveals: Next-Gen Investors Drive Demand for Tech-Focused ETFs 

Nasdaq’s “2025 Retail Investor Survey” released in partnership with Invesco and conducted with Morning Consult, explores the current trends and behaviors of retail ETF investors and revealed a market in transition. The report captured investors becoming more personally involved in their investment choices at a time when investments are broadening to include more modern vehicles.  

For example, Gen Z and Millennials leading the shift toward advanced technology ETFs, with strong interest in crypto, AI, and fintech.  

These younger investors are more intentional in their research and are moving away from social media and towards trusted sources like Nasdaq.  

“Investors are consulting more sources and content before making decisions, really showcasing that they're looking to deepen their understanding of where they're putting their money,” said Giang Bui, Head of U.S. Equities and Exchange-Traded Products at Nasdaq 

ETF providers are encouraged to tailor education and transparency efforts to meet the needs of this evolving investor base.   

 👉 Read the takeaways and download the report.  

🤖 The Future of the Boardroom Is AI-Powered 

AI is no longer a future concept—it’s reshaping the boardroom today.  At Nasdaq, the boardroom of tomorrow is ethical, intelligent, and AI-powered. During our recent Future of the Boardroom Forum, thought leaders including Oliver Albers, Nasdaq EVP and Chief Product Officer for Nasdaq's Capital Access Platforms (CAP) division explored how artificial intelligence is reshaping governance—highlighting innovations like Nasdaq Boardvantage, built on Microsoft Azure AI.   

The conversation underscored Nasdaq’s commitment to modernizing board operations with secure, transparent, and forward-looking technology.   

 ⬇️ Watch to see the highlights & takeaways:  

⚡ The Future of Fintech: Highlights from Nasdaq’s Inaugural Latin America Client Conference 

Nasdaq recently hosted its first Financial Technology Client Conference, bringing together top financial institutions from across Latin America for two days of forward-looking dialogue and collaboration. Clients using Nasdaq AxiomSL, Nasdaq Calypso, and Marketplace Technology explored the evolving fintech landscape and shared strategies for innovation. 

Key themes included the growing influence of AI on capital markets and the importance of building sustainable infrastructure to support long-term growth. Nasdaq Chief Risk Officer Catherine Addona Peña offered insights on navigating risk and resilience in a rapidly changing environment. 

Thanks to our guest speakers for sharing their insights: Roberto Gonzalez Barrera, Rodrigo Freitas, Andres Araya Falcone, Diego Fernández, Jose Luis Caro Pérez, Cesar Pabon, Leonardo Mila, Hernan Alzate Arias, and Abraham Izquierdo. 

Global Momentum: The Latest from Nasdaq Around the World

🇸🇪 40 Years of Options Trading: How Nasdaq Stockholm Transformed Nordic Markets 

This year marks the 40th anniversary of Nasdaq Stockholm’s options market, a milestone that reflects the Nordics’ evolution into one of Europe’s most advanced financial ecosystems. Since the first trade on June 12, 1985, the derivatives market has grown from a modest operation into a vital platform for both private and institutional investors. 

"The derivatives market has been fundamental to establishing the Nordics as the most advanced financial markets in Europe,” said Adam Kostyal , President of Nasdaq Stockholm. “It’s created incredible opportunities for both private and institutional investors.” 

The Nordic derivatives market has not only advanced investor sophistication but also served as a model for capital market development across Europe. Nasdaq Stockholm continues to invest in education through initiatives like the Nasdaq Derivatives Academy, ensuring the next generation of investors is well-equipped. 

As Nasdaq Stockholm enters its fifth decade, its commitment to innovation, education, and sustainable finance remains central to its mission—strengthening the Nordic financial system and expanding its global impact. 

📈 Read the story of the 40-year history.  

🌍 Nasdaq President Tal Cohen Visits Stockholm & Vilnius  

Nasdaq President, Tal Cohen recently visited our regional exchanges in Stockholm and Vilnius—two dynamic hubs powering the European economy.  In Stockholm, he hosted meetings with clients and policymakers highlighting the strength of Sweden’s public-private collaboration and its thriving capital markets ecosystem. In Vilnius, he participated in the EBIT Executive Conference, where discussions centered on building resilient, tech-driven strategies in uncertain times.   

Across both cities, Nasdaq teams are advancing Nasdaq’s global mission—embracing AI, digital assets, and innovation to create more secure and accessible markets worldwide.   

   👉 Check out the insights from Tal Cohen. 

📍 Nasdaq at SXSW London 

Nasdaq made its mark at SXSW London with a week full of sharing bold ideas, having dynamic conversations, and meeting with inspiring voices from across tech, finance, and culture. We had the chance to ask speakers—including Wyclef Jean, Toks Dada, Duncan Clark, Harry Stebbings, Terry Doyle, Mayor Sadiq Khan, Jim McKelvey, Maria Uvarova, and Deepak Chopra—one big question: “If you could ask everyone here one question, what would it be?”   

   🎤 ✨ Watch the highlights to see what they said: 

Client & Partner Spotlights: Showcasing Innovation Across the Financial System 

🎉 Nasdaq Celebrates 40 Years of Qualcomm Innovation  

From pioneering wireless communications to leading the AI Edge revolution, Qualcomm has spent four decades transforming how the world connects and computes.   

As a proud member of the Nasdaq-100®, Qualcomm exemplifies the long-term value of innovation-driven leadership. With over $100 billion invested in R&D and one of the world’s most valuable patent portfolios, Qualcomm continues to shape the future—from mobile to automotive, IoT, and now AI-powered edge computing.    

Nasdaq recently celebrated Qualcomm’s 40-year journey of breakthrough innovations and sat down with Nakul Duggal, Group General Manager for Automotive and Industrial & Embedded IoT at Qualcomm Technologies, Inc. 

“We've been an ecosystem company from day one,” says Nakul Duggal, Group General Manager for Automotive and Industrial & Embedded IoT at Qualcomm Technologies, Inc. “We were not necessarily inventors of products. We were inventors of technology. That way of thinking, that DNA, was core,” said Duggal 

📍 Learn about Qualcomms’s four decades of innovation.   

📹  Watch the recap of their opening bell ceremony commemorating the milestone anniversary: 

🏎️ Accelerating Leadership with Mercedes-AMG PETRONAS Formula One Team 

Fresh off their win at the Canadian Grand Prix, the Mercedes-AMG PETRONAS Formula One Team made a special appearance at the Nasdaq MarketSite.   

Mercedes-AMG PETRONAS F1 Team Driver George Russell and Team Principal & CEO of Mercedes-AMG PETRONAS F1 Team Toto Wolff joined Nasdaq for an exclusive episode and the inaugural installment of "Accelerating Leadership," part of Nasdaq’s "The Winning Formula," to discuss their team mentality and the importance of resilience throughout a demanding season especially after their double podium finish in Canada. Watch the full episode here.

🎥 Watch the exclusive interview:  

 🏆  Learn about Nasdaq’s partnership with Mercedes-AMG PETRONAS F1. 

   💳  Nasdaq Listed Chime’s Vision for the Future of Fintech 

Nasdaq-listed, Chime [CHYM] continues to shape the future of financial services driven by purpose, innovation, and a commitment to empowering everyday consumers. Launching  in 2012 with a clear and courageous vision: to reinvent banking for everyday Americans, Chime has not only disrupted industry, but they’ve done so with a people-first philosophy that places financial empowerment at the heart of innovation. 

"Chime's mission is to unlock financial progress for every day people."  

Chime executives Chris Britt, Ryan K., Matthew Newcomb, Mark Troughton, and Jennifer Kuperman, share with Nasdaq their story of building a member-obsessed product.    

🎥 Watch it here: 

🎖️ Honoring 250 Years of Service: Nasdaq Welcomes the U.S. Army  

Nasdaq proudly hosted a special bell-ringing ceremony to commemorate the U.S. Army’s 250th anniversary—a tribute to its enduring legacy of service, strength, and sacrifice. Held at The Philadelphia Stock Exchange (PHLX)—America’s first stock exchange—the ceremony marked a powerful intersection of history, service, and economic leadership.  

Led by Lieutenant General Jonathan Braga, Commanding General of U.S. Army Special Operations Command, and Kevin Kennedy, Nasdaq EVP and Head of North American Markets, the event celebrated the shared values of resilience and innovation between the Army and the financial markets. 

Distinguished guests included Miss USA, Army 1st Lt. Alma Cooper, who joined in honoring the nearly 1 million service members safeguarding the freedoms that power progress and free trade.  

🇺🇸  Check out the recap here.