Nasdaq CEO Says Adenza Acquisition Is on Track to Meet Targets

Nasdaq Inc. is on track to meet the earnings and savings projections it laid out when it announced the acquisition of Adenza Group from Thoma Bravo last year, according to Chief Executive Officer Adena Friedman.

“It’s off to the start we wanted,” Friedman said in an interview with Bloomberg TV Wednesday. The company still expects $80 million of net expense synergies and $50 million from expanding the business and cross-selling to customers over the medium to long-term, she said, adding that “we are on track on both fronts.”

Nasdaq, the second-largest US stock exchange, has been navigating a muted ...