Nasdaq competitors, on the record
The companies Nasdaq names as competitors in its annual reports, 2023 to 2025, and the companies that name Nasdaq, each with the sentence and the filing.
Who Nasdaq names
| Company | Named in |
|---|---|
| Aquis | 2025 |
| BOX Options Market | 2025 |
| Cboe Global Markets, Inc. | 2025 |
| Deutsche Börse AG | 2025 |
| Eurex | 2025 |
| Euronext N.V. | 2025 |
| FTSE Russell | 2025 |
| ICE Futures Europe | 2025 |
| Intercontinental Exchange, Inc. | 2025 |
| London Clearing House | 2025 |
| London Stock Exchange Group plc | 2025 |
| Long Term Stock Exchange | 2025 |
| Members Exchange | 2025 |
| Miami International Holdings, Inc. | 2025 |
| MSCI | 2025 |
| NYSE | 2025 |
| S&P Dow Jones Indices | 2025 |
| The Investors Exchange | 2025 |
| Toronto Stock Exchange | 2025 |
| Turquoise | 2025 |
| TXSE Group | 2025 |
In its own words
Aquis, Deutsche Börse AG, Euronext N.V., London Stock Exchange Group plc, Turquoise
Word for word“In Europe, our cash equities markets compete with exchanges such as Euronext N.V., Deutsche Börse AG, London Stock Exchange Group plc, or LSE, and many Multilateral Trading Facilities, or MTFs, such as Cboe, Turquoise and Aquis.” 10-K for 2025
BOX Options Market, Cboe Global Markets, Inc., Intercontinental Exchange, Inc., Members Exchange, Miami International Holdings, Inc.
Word for word“In the U.S., our options markets compete with exchanges operated by Cboe Global Markets, Inc., or CBOE , Miami International Holdings, Inc., or MIAX, Intercontinental Exchange , Inc., or ICE, Members Exchange, or MEMX, and BOX Options Market.” 10-K for 2025
Eurex, ICE Futures Europe, London Clearing House
Word for word“Our competitors in the trading and clearing of options and futures on European equities include Eurex, Cboe, ICE Futures Europe and London Clearing House, or LCH.” 10-K for 2025
FTSE Russell, MSCI, S&P Dow Jones Indices
Word for word“We face competition from investment banks, dedicated index providers, markets and other product developers, including S&P Dow Jones Indices, MSCI and FTSE Russell.” 10-K for 2025
Long Term Stock Exchange, The Investors Exchange, TXSE Group
Word for word“In the U.S., our cash equities markets 9 compete with exchanges operated by Cboe, ICE, MIAX, the TXSE Group , The Investors Exchange, MEMX and Long Term Stock Exchange.” 10-K for 2025
NYSE
Word for word“Our primary competitor for larger company stock share listings in the U.S. is NYSE.” 10-K for 2025
Toronto Stock Exchange
Word for word“In Canada, our cash equities exchange competes principally with exchanges such as the Toronto Stock Exchange, or TSX.” 10-K for 2025
Who names Nasdaq
Companies whose own annual reports name Nasdaq as a competitor.
Word for word“Our Information offerings primarily compete with offerings from Bloomberg, FactSet, IntercontinentalExchange, MSCI, London Stock Exchange Group, Nasdaq, and FIS.” 10-K for 2021
Word for word“NYSE Arca Options and NYSE American Options face considerable competition in the equity options markets; their principal U.S. competitors are Nasdaq, Inc., or Nasdaq, and Cboe Global Markets, Inc., or Cboe.” 10-K for 2025
Word for word“Among our Index competitors are S&P Dow Jones Indices LLC (a joint venture of S&P Global Inc. and CME Group Inc.); FTSE Russell, a subsidiary of the London Stock Exchange Group plc; Nasdaq Inc; Bloomberg Finance L.P. (“Bloomberg”); and Solactive AG.” 10-K for 2025
Read from Nasdaq’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.