11:53 AM EDT, 05/13/2024 (MT Newswires) -- (Updates with additional details in the second and third paragraphs, Nasdaq declines to comment in the fourth paragraph.)

Nasdaq (NDAQ) is considering a sale of its Solovis business as part of an effort to streamline its portfolio, Bloomberg reported Monday, citing people familiar with the matter.

The exchange operator is working with a financial adviser to review options for Solovis, which provides portfolio management software and services, the report said.

Solovis is being brought to market in response to interest from buyers, according to Bloomberg.

Nasdaq declined MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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