6 names are moving together; 100% are participating in the current session.
Observed intraday paths are not available for this group yet.
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| NDAQ | Nasdaq, Inc. | Financial Services | -1.3% | Most structurally connected |
| TW | Tradeweb Markets Inc. | Financial Services | -0.8% | Group member |
| CME | CME Group Inc. | Financial Services | -0.6% | Group member |
| ICE | Intercontinental Exchange Inc. | Financial Services | -0.1% | Group member |
| MKTX | MarketAxess Holdings, Inc. | Financial Services | -0.4% | Group member |
| CBOE | Cboe Global Markets, Inc. | Financial Services | -0.6% | Group member |
Cohort
6 namesParticipation
100% this sessionObserved history
1 daily buildsFiling coverage
6/6 membersrestructuring affecting expense
“erger and strategic initiatives 53 23 129.8% Restructuring charges 27 103 (74.4)% Total operating expenses $ 2,155 $ 2,141 0.7% The increase in compensation and benefits expense for the three and nine months ended September 30, 2025 compared with the same periods in 2024 was primarily driven by increased headcount and higher incentive compensation.”
NDAQ 10-Q
demand / volume
“Proprietary market data fees increased primarily due to increases in proprietary market data fees in the Options, Europe and Asia Pacific, and North American Equities segments driven by increased customer demand.”
CBOE 10-K
restructuring
“Restructuring charges decreased for the three and nine months ended September 30, 2025 compared with the same periods in 2024 primarily due to the completion of our divisional realignment program in September 2024.”
NDAQ 10-Q
Electronic Trading Platforms can stay leader-led if MKTX and the next software names fail to join while NDAQ keeps moving.
No high-confidence filing-linked non-members are available for this group yet.
Historical cohort observations are not available yet.