Nasdaq in $10.5-bn deal to clinch Adenza

New York: Nasdaq is buying Adenza, a company that makes software used on Wall Street, for $10.5 billion in a cash-and-stock deal. The acquisition from owner, an investment company includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock. Nasdaq CEO Adena Friedman has been pushing the company further into tech, expanding beyond its roll as a marketplace for trading that is reliant largely on trading volumes to thrive.