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Nasdaq Sees $1.5 Billion of Demand for New Trading Platform

  • ‘Huge opportunity in the private-liquidity landscape’: CEO
  • Firm formed joined venture with banks including Citi, Goldman
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WATCH: Nasdaq President and CEO Adena Friedman speaks with Bloomberg Television.(Source: Bloomberg)
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Nasdaq Inc.’s new trading venue for closely held companies has plans to grow quickly and go global, Chief Executive Officer Adena Friedman said Wednesday.

The platform could capture $500 million to $1.5 billion of market demand, Friedman said in a Bloomberg Television interview Wednesday. Nasdaq announced the joint venture with SVB Financial Group, Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley on Tuesday.