27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Nasdaq Inc (NASDAQ:NDAQ) announced the acquisition of a financial data company Tuesday.
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Nasdaq said it bought Quandl, Inc., which provides alternative and core financial data. The The Toronto-based company offers alternative data to over 30,000 monthly users compiled from roughly 350 sources, per the companies' joint announcement.
The alternative data includes capital markets information, energy, shipping and health care.
“Quandl will allow Nasdaq to partner more closely with the investing community as the industry continuously seeks ways to evaluate an endless supply of information to drive new insights, investment ideas and deliver alpha,” Bjorn Sibbern, executive vice president and head of Nasdaq’s global information services, said in a statement.
“Quandl’s leadership, user community and team of data scientists, combined with Nasdaq’s alternative data group and global reach, will help our diverse client base derive a broad array of new investing opportunities.”
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Why It’s Important
The joining of forces will allow for Quandl to better prepare investors with real-time news and enhanced symbology, according to the press release. Quandl is used by eight of the top 10 hedge funds, it said.
“Our existing set of clients, including the world’s top hedge funds and investment banks, stand to benefit greatly from our mutual vision that data is going to become the primary driver of active investment performance over the next decade," said Quandl CEO Tammer Kamel.
What’s Next
The terms of the deal were not disclosed. Nasdaq said the M&A is consistent with its strategy of maximizing opportunities in its role as a tech and analytics provider to capital markets.
Related Links:
Logitech Drops Acquisition Talks With Plantronics
Canadian Cannabis M&A: Invictus To Acquire GTEC Holdings
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.