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OK, this may be just my perception, but wouldn't this present a conflict of interest and perhaps be self serving from NASDAQ's perspective.  I recall the Enron/Worldcom, et al, where accounting firms could no longer provide consulting services under the same moniker, which resulted in (now) Big 4 consulting firms which were supposedly independent from the auditing arm, even though the corporate culture was identical.

I am not familiar with the regulatory approvals involved with this type of expansion, but it seems to me that this type of arrangement puts the fox in charge of the henhouse.  OK, so this clearly falls outside the Hart-Scott-Rodino Act, but really, NASDAQ is a stock exchange and also wants to branch out into tech solutions?  Gimme a break!  As far as I'm concerned, this doesn't pass the smell test.