Nasdaq plans to invest $6.2 million to support its continued operations in Philadelphia, home to Nasdaq PHLX — the nation’s oldest stock exchange, founded in 1790. The Commonwealth is investing $710,000 to help support the creation of 100 new jobs over the next three years and to retain 150 existing, full-time positions.
“Philadelphia has been a home to American markets since 1790, and Nasdaq PHLX — the nation’s oldest stock exchange — is a proud part of that legacy. This investment reflects our confidence in Philadelphia and our long-term commitment to the region —growing our presence, creating new jobs, and investing in the talent and operations that will support our business for years to come,” said Tal Cohen, President of Nasdaq.
Nasdaq’s investment includes a long-term lease extension at 2929 Walnut Street — the Center City Philadelphia home of Nasdaq PHLX — along with upgrades to trading technology and workplace infrastructure to support the company’s ongoing operations.
Nasdaq is a leading technology platform that powers the world’s economies. Nasdaq architects the infrastructure of the world’s most modern markets, powers the innovation economy, and builds trust in the financial system. Nasdaq empowers economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable its clients to capture opportunities, navigate risk, and strengthen resilience.
“Philadelphia is competing every day to grow our economy, attract new investments, support world-class companies, and create access to economic opportunity for all,” said Mayor Cherelle L. Parker. “Nasdaq’s long term commitment to the City of Philadelphia is a vote of confidence in our future, our talented workforce, and our commitment to keeping good-paying jobs with family-sustaining wages right here in our city. As one of the most affordable big cities in America, we are a place where businesses can thrive and residents can build sustainable futures.”
