Jeff Schmitt's questions to NASDAQ (NDAQ) leadership • Q3 2025
Question
Jeff Schmitt inquired about the AxiomSL to Calypso cross-selling opportunities, asking if Nasdaq's approach differs from Thoma Bravo's and if these opportunities are increasing under Nasdaq's leadership.
Answer
Adena Friedman, Chair and CEO of Nasdaq, noted that Thoma Bravo had already created a data connector between AxiomSL and Calypso, easing implementation. Nasdaq continues to build such connectors and emphasizes holistic conversations with high-level bank executives (COO, Chief Risk Officer) to address broader risk management and trading needs. This 'One Nasdaq' approach, leveraging Nasdaq's trusted provider status, fosters a more comprehensive dialogue and drives cross-sell opportunities across the bank's operations.