Summary of Key Points Core Viewpoint - The total short interest in Nasdaq securities has increased, indicating a growing bearish sentiment among investors as of the settlement date of August 15, 2025 Group 1: Nasdaq Global Market - Short interest in 3,302 Nasdaq Global Market securities totaled 13,965,671,937 shares, up from 13,683,072,188 shares in the previous period [1] - The mid-August short interest represents an average of 2.34 days, compared to 2.15 days in the prior reporting period [1] Group 2: Nasdaq Capital Market - Short interest in 1,665 securities on The Nasdaq Capital Market reached 2,964,394,253 shares, an increase from 2,910,549,464 shares in the previous period [2] - The average daily volume for this period remained at 1.00 day, consistent with the previous reporting period [2] Group 3: Overall Nasdaq Securities - Total short interest across all 4,967 Nasdaq securities amounted to 16,930,066,190 shares, compared to 16,593,621,652 shares in the prior period [3] - This represents an average of 1.86 days of daily volume, up from 1.56 days in the previous reporting period [3] Group 4: Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale consummated by the delivery of a borrowed security [4]

Core Viewpoint - The introduction of 24-hour trading mechanisms is reshaping global financial markets, driven by the need for extended trading hours and the competition among exchanges [1][5][7] Group 1: Global Market Developments - Nasdaq plans to launch 24-hour trading for stocks, ETFs, and closed-end funds in the second half of 2026, pending regulatory approval [2] - NYSE has received approval to extend trading hours for its fully electronic exchange, NYSE Arca, to 22 hours each trading day [2] - The Chicago Board Options Exchange (CBOE) announced plans for 24-hour trading starting in February 2025, aligning with Nasdaq's initiatives [2] Group 2: Regional Market Responses - The London Stock Exchange Group (LSEG) is exploring the feasibility of extending trading hours, considering both technological and regulatory impacts [3] - The Tokyo Stock Exchange has extended its trading hours to 5.5 hours, marking its first adjustment since 1954 [3] - The cryptocurrency market operates 24/7, with platforms like Kraken offering tokenized versions of U.S. stocks for continuous trading [3][4] Group 3: Expansion of Trading Mechanisms - The 24-hour trading model is expanding beyond futures to include stocks and derivatives, creating a comprehensive trading network [4] - Nasdaq and NYSE's plans cover equities, while CBOE's initiative includes derivatives, indicating a broadening of the trading landscape [4] Group 4: Strategic Considerations for Exchanges - Nasdaq's push for 24-hour trading is driven by global client demand, competitive pressures, and technological advancements [5] - Data shows that 63% of non-traditional trading volume in U.S. stocks comes from the Asia-Pacific region, highlighting the need for extended trading hours [5] - The rise of alternative trading systems has increased non-traditional trading volumes, necessitating Nasdaq's response to maintain market share [5] Group 5: Implications for Hong Kong Stock Exchange - The Hong Kong Stock Exchange (HKEX) is considering 24-hour trading to enhance its competitiveness and attract international capital [6] - Currently, HKEX operates for only 5.5 hours, which is significantly shorter than other major financial centers [6] - HKEX's trading system is expected to support T+1 settlement by the end of 2025, laying the groundwork for 24-hour trading [6] Group 6: Future Outlook - The implementation of 24-hour trading could enhance market efficiency and attract a broader investor base, particularly younger investors [7] - However, challenges such as potential liquidity issues during off-peak hours and the risk of market manipulation by high-frequency traders must be addressed [7] - The evolution towards 24-hour trading is seen as essential for HKEX to avoid being marginalized in the global market [7]

Core Insights - The Zacks Securities and Exchanges industry is benefiting from a diversified product portfolio, increased trading volumes, and the growing adoption of crypto assets, which is expected to enhance revenues for key players like S&P Global, Intercontinental Exchange, CME Group, Nasdaq Inc., and Cboe Global Markets [1][2] - The industry is focusing on non-trading revenue sources, including market technology and information services, to create stable cash flows and reduce reliance on trading income [4][5] Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodity contracts, generating revenue from fees and providing data services [2] - The industry is experiencing increased adoption of crypto assets, but faces challenges due to regulatory compliance [2] Trends Shaping the Industry - Trading volume is driven by volatility, with a projected market size of $49.6 billion by 2028, growing at a CAGR of 12.1% [3] - Companies are diversifying into recurring revenue sources to stabilize income amidst fluctuating market volumes [4] - Mergers and acquisitions are on the rise, helping companies expand their market reach and product offerings [5] - Continuous investment in technology, particularly AI and blockchain, is enhancing operational efficiency and competitiveness [6][7] Industry Performance - The Zacks Securities and Exchanges industry ranks 24, placing it in the top 10% of Zacks industries, indicating strong near-term prospects [8][9] - The industry has outperformed the broader Zacks Finance sector and the S&P 500, gaining 15% year-to-date compared to 10.7% and 9.5% respectively [12] Valuation Metrics - The industry is currently trading at a trailing P/E of 26.32X, higher than the S&P 500's 22.85X and the sector's 16.89X [15] Company Highlights - **Nasdaq**: Focused on maximizing non-trading revenue and technology services, with a projected EPS growth of 17.4% and 11.5% for 2025 and 2026 respectively [19][20] - **S&P Global**: Positioned to benefit from growing demand for business information services, with EPS growth estimates of 9.2% and 11% for 2025 and 2026 [22][23] - **Intercontinental Exchange**: A leading operator with a strong portfolio and expected EPS growth of 15% and 10.8% for 2025 and 2026 [25][26] - **CME Group**: The largest futures exchange, focusing on expanding product offerings, with EPS growth estimates of 8.6% and 3.8% for 2025 and 2026 [28][29] - **Cboe Global Markets**: Expanding product lines and geographic reach, with EPS growth projections of 11.5% and 5.9% for 2025 and 2026 [32][33]

Event Overview - A special event in September will honor the New York Fire Department Foundation, the official foundation of the New York Fire Department [1] - The foundation funds training equipment and supports firefighters' families [2] - The gala will be held at the training facility in Randles Island, offering attendees the opportunity to try the equipment [3][6] - The event on September 4th is a celebration where attendees can wear sneakers [5] Honorees and Attendees - Adena is an honoree at the event [4] - Matt Dabberto from SL Green is the chairman of the foundation [5] - Past honorees include Harvey Schwarz, Jeff Bezos's brother, and Stevie Cohen [4] Market Performance - NASDAQ went public in 2002 and has outperformed the NASDAQ composite, with its stock up approximately 1600% compared to the NASDAQ composite's 900% increase [8]

Welcome back to Fast Money. The stock behind the NASDAQ composite on a tear. The NDAQ hitting all-time highs this week.It is up more than 23% this year, far outpacing its namesake index. While the composite notched record record intraday and closing highs today, it's only up 12% to discuss what is driving the exchange and its business. Let's bring in NASDAQ chair and CEO Adena Freedman.>> Oh, we got to clap Adena in. I mean, we certain people our landlord. >> Exactly.Our landlord. Um Adena, great to see you ...

Group 1 - The Nasdaq Stock Exchange and the Chinese Consulate General in New York held a bell-ringing ceremony to celebrate the arrival of the Chinese Lunar New Year of the Snake [1]

Summary of Key Points Core Viewpoint - The total short interest in Nasdaq securities has decreased slightly from the previous reporting period, indicating a potential shift in market sentiment towards these securities. Group 1: Nasdaq Global Market - As of July 31, 2025, short interest in 3,285 Nasdaq Global Market securities totaled 13,683,072,188 shares, down from 13,792,841,090 shares in the prior period [1] - The average short interest represented 2.15 days compared to 2.37 days in the previous reporting period [1] Group 2: Nasdaq Capital Market - Short interest in 1,658 securities on The Nasdaq Capital Market reached 2,910,549,464 shares at the end of July 31, 2025, an increase from 2,853,251,720 shares in the previous period [2] - The average daily volume remained stable at 1.00 day for both reporting periods [2] Group 3: Overall Nasdaq Securities - Total short interest across all 4,943 Nasdaq securities was 16,593,621,652 shares as of July 31, 2025, a slight decrease from 16,646,092,810 shares in the previous reporting period [3] - The average daily volume for all securities was 1.56 days, down from 1.84 days in the prior period [3] Group 4: Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale completed by delivering a borrowed security [4]

Group 1: Market Performance - The Nasdaq closed up 3.9% and reached a record high, while the S&P 500 increased by 2.4% and is close to its all-time high [2] - The Dow Jones Industrial Average and Russell 2000 also saw gains of 1.4% and 2.4%, respectively [2] Group 2: Earnings Reports - Approximately 90% of second quarter earnings have been reported, showing stronger-than-expected results with an 11.8% year-over-year increase in earnings, surpassing initial forecasts of 6% [3] - Revenue growth is projected at 6.3%, exceeding the 4% forecast from June [3] - There is a notable discrepancy between earnings growth and revenue growth, raising questions about the sustainability of earnings growth, which may be driven by productivity gains or expense reductions [3] Group 3: Company Developments - Nvidia and Advanced Micro Devices (AMD) have reportedly agreed to share 15% of their sales from AI chips sold to China with the U.S. government, marking a significant development in the AI sector [5] - Nvidia's H20 AI chip and AMD's MI308 chip sales to China will be subject to this revenue-sharing agreement, which is akin to an export license [5] - The details of this agreement are still emerging, indicating ongoing discussions about the implications of AI chip sales to China [5] Group 4: Upcoming Economic Indicators - The Consumer Price Index (CPI) report is set to be released on Tuesday, which is expected to attract significant attention due to recent political scrutiny of employment data [6] - The Producer Price Index (PPI) will also be released later in the week on Thursday [6]

Key Takeaways The Nasdaq's northbound journey continues, with tech stocks fueling the broader market rally over the past few weeks. The Dow, the S&P 500 and the Nasdaq have hit multiple all-time closing highs over the past month. On Friday, the Nasdaq hit a fresh all-time closing high for the second-straight day. The tech rally is being powered by several positive developments, including massive investments by tech behemoths in the domestic arena and the ongoing enthusiasm surrounding artificial intelligenc ...

Core Points - BTQ Technologies Corp. has filed a Form 40-F Registration Statement with the SEC to list its common shares on the Nasdaq Capital Market [1][2] - The listing is subject to Nasdaq's approval and the effectiveness of the Form 40-F by the SEC, while the company will maintain its listing on the Cboe Canada Exchange [2] - BTQ is a vertically integrated quantum technology company focused on transitioning from classical networks to the quantum internet, offering a full-stack quantum computing platform [3] Company Overview - BTQ Technologies Corp. is recognized for pioneering the first commercially significant quantum advantage and holds a broad patent portfolio [3] - The company provides end-to-end hardware, middleware, and post-quantum security solutions across various sectors including finance, telecommunications, logistics, life sciences, and defense [3]