Nasdaq, Inc. (NDAQ) Competitors & Peers
The 5 largest companies in the same industry as Nasdaq, Inc., by market value — each comparable links to its own dossier. Numbers are code-computed, never estimated.
| Ticker | Relationship | Price | Comparables |
|---|---|---|---|
| SPGI | Peer | $467.80 | P/E 27.9RSI 65Cap 138.5 B |
| CME | Competitor | $305.89 | P/E 25.1RSI 64Cap 109.5 B |
| ICE | Competitor | $172.27 | P/E 23.5RSI 65Cap 97.4 B |
| MCO | Peer | $505.67 | P/E 30.9RSI 59Cap 88.3 B |
| LSEGY | Peer | $31.55 | P/E 33.9RSI 68Cap 62.5 B |
How these relationships were derived
Every relationship below carries its provenance. A confirmed edge is sourced from a public filing or disclosure and links to it; an AI-inferred edge is surfaced by the relationship model and is unverified — shown for color, not as evidence.
Confirmed relationships (cited)
Sourced from a public filing or disclosure — each links to its origin.
- CBOECompetitor
Cboe operates multiple options and equities exchanges, competing directly with Nasdaq in the options and U.S. cash equities trading segments.
Confirmed — SEC filing / public disclosuresec.gov ↗ - IVZCustomer
Invesco licenses the Nasdaq-100 Index from Nasdaq, Inc. to create and manage the QQQ ETF, paying Nasdaq index licensing fees based on the fund's assets under management.
Confirmed — SEC filing / public disclosuresec.gov ↗ - VIRTCustomer
Virtu Financial is a major market maker that connects to Nasdaq's equity and options exchanges, paying transaction execution fees and routing fees, and purchasing proprietary market data feeds.
Confirmed — SEC filing / public disclosuresec.gov ↗
Model-inferred relationships (unverified)
Suggested by the relationship model, with no public source on file. Treat each as a lead worth checking, not as evidence.
- MSFTCustomer
Microsoft is listed on the Nasdaq Stock Market (Global Select Market), paying Nasdaq annual listing fees and utilizing Nasdaq's corporate and investor relations services.
Model-inferred, unverified — treat as a lead, not evidence - AAPLCustomer
Apple is listed on the Nasdaq Stock Market (Global Select Market), paying Nasdaq annual listing fees and utilizing Nasdaq's corporate and investor relations services.
Model-inferred, unverified — treat as a lead, not evidence - AMZNSupplier
AWS provides cloud infrastructure solutions and hybrid edge computing (AWS Outposts) directly inside Nasdaq's primary data center to host Nasdaq's ultra-low-latency options exchanges (like MRX and GEMX).
Model-inferred, unverified — treat as a lead, not evidence - ICECompetitor
Nasdaq + NYSE compete in equity listing + trading.
Model-inferred, unverified — treat as a lead, not evidence - S68.SGCustomer
SGX licenses Nasdaq's matching engine technology (Genium INET platform) and Nasdaq Financial Framework to power its derivatives and securities markets.
Model-inferred, unverified — treat as a lead, not evidence - ASX.AXCustomer
ASX licenses Nasdaq's Genium INET platform and Sentinel Risk Manager for trading, clearing, and post-trade risk management.
Model-inferred, unverified — treat as a lead, not evidence - B3SA3.SACustomer
B3 uses Nasdaq's real-time clearing technology modular suite to replace its legacy systems and power its central counterparty clearing platforms.
Model-inferred, unverified — treat as a lead, not evidence - CMECompetitor
CME + Nasdaq compete in futures + listings overlap.
Model-inferred, unverified — treat as a lead, not evidence - XPSupplier
Nasdaq supplies core exchange matching engines and software technology backing XP's retail broker portal.
Model-inferred, unverified — treat as a lead, not evidence