Nasdaq Expands Philadelphia, Pennsylvania

Area Development News Desk

08/03/2026

Financial markets technology and exchange operator Nasdaq plans to expand its operations in Philadelphia, Pennsylvania. The $6.2 million project is expected to create 100 jobs.

The investment will include a long-term lease extension at 2929 Walnut Street, home to Nasdaq PHLX, along with upgrades to trading technology and workplace infrastructure.

“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. “We’re grateful for Governor Shapiro’s partnership and his administration’s ongoing commitment to making Pennsylvania a destination for world-class companies.”

To support the project the Pennsylvania Department of Community and Economic Development (DCED) offered Nasdaq a funding proposal that includes a $710,000 Pennsylvania First grant.

“Under Governor Shapiro’s leadership, we’re making strategic investments that help world-class companies grow, innovate, and create opportunity across the Commonwealth,” noted DCED Secretary Rick Siger. “This project brings new jobs and economic activity to Philadelphia while further strengthening Pennsylvania’s position as a destination for leading global companies. Investments like this demonstrate that our economic development strategy is working and reinforce why Pennsylvania is one of the best places in the nation to start, grow, and expand a business.”

Nasdaq is a global financial technology company that operates securities exchanges, capital markets infrastructure, and market technology platforms. The company provides trading, clearing, listing, data, analytics, and software solutions to financial institutions, corporations, investors, and governments.

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