MarketBeat expands partnership with Nasdaq Stock Market
June 19, 2023
This paid piece is sponsored by MarketBeat.
MarketBeat, a Sioux Falls-based financial media company, is expanding its business relationship with the Nasdaq Stock Market, a $25 billion company that operates the most active exchange in the United States.
This expanded collaboration marks another milestone in MarketBeat’s ongoing mission to empower individual investors to make better trading decisions and provide them with the best research tools and market analysis available online.
Photograph courtesy of Nasdaq Inc.
Nasdaq is now featuring original content produced by MarketBeat’s team of 15 writers and two editors on its website, Nasdaq.com. The syndication deal exposes MarketBeat’s content and tools to Nasdaq’s audience of retail and institutional investors. MarketBeat has existing syndication deals with several other prominent publications, including Barchart.com, Benzinga, Entrepreneur magazine, The Globe and Mail, Google Finance, Investing.com, MSN.com and ValueWalk.
“Our partnership with Nasdaq solidifies our position as a leading provider of investment information to the retail market,” MarketBeat founder and CEO Matt Paulson said. “We share a common goal with Nasdaq to empower investors through trusted data and technology solutions.”
MarketBeat’s partnership with Nasdaq started in September 2021, when Nasdaq acquired Quandl, a financial data provider that had a long-standing relationship with MarketBeat. Quandl was rebranded as Nasdaq Data Link, and conversations soon began between MarketBeat team members and Nasdaq executives to expand their partnership. Within a few months, an agreement was reached for Nasdaq to provide MarketBeat with environmental and sustainability scores for public companies. The agreement made ESG scores provided by The Upright Project available to U.S. retail investors for the first time.
The partnership was further expanded in 2022 when the two companies entered into an agreement for MarketBeat to purchase short interest data from Nasdaq, which indicates when major investors are betting that the price of a stock will decline.
“MarketBeat had seen significant growth in 2021 during the market frenzy involving meme stocks such as AMC and GameStop, which was preceded by both stocks having unusually large short interest among large investors,” Paulson said. “The deal cemented MarketBeat’s position as a provider of short interest data to retail investors.”
MarketBeat’s team had the unique opportunity to celebrate its partnership with Nasdaq in May, when MarketBeat team members participated in a closing bell ceremony in New York City at the Nasdaq Tower near Times Square. Nasdaq also featured a special message on its building that day, welcoming MarketBeat.
Photograph courtesy of Nasdaq Inc.
“As MarketBeat looks toward the future, our partnership with Nasdaq will enable us to continue providing investors with valuable insights and best-in-class market data,” Paulson said.
